Aerospace supplier Exotic Metals of Kent acquired for $1.7 billion
(WorldNews Business)

Exotic Metals Forming, a privately owned aerospace supplier headquartered in Kent with about 1,400 employees in Washington state, will be acquired for $1.7 billion in cash by Parker Hannifin, a large industrial company based in Cleveland, Ohio. Exotic specializes in producing precisely engineered, high-strength, low-weight metal parts, typically made from titanium and nickel alloys. Its products include aircraft engine components and fuel and hydraulic tubes that can withstand high temperature and pressure. Parker said it...