Norsk Titanium successfully closes funding round

Norsk Titanium AS, a supplier of aerospace-grade, additive manufactured, structural titanium components has announced the successful close of its Q2 2016 funding round.

Minneapolis-based investment bank Piper Jaffray led the round for Norsk Titanium to help secure investment from institutional and strategic investors to provide financing for a rapidly expanding customer base, aerospace production part qualification programs, a US expansion into New York State and key additions to the leadership team.

The USD $25 million funding round follows the inclusion in the 2016 New York State budget of USD $125 million to support the development of Norsk Titanium’s Plattsburgh, New York factory, which is part of Norsk’s proposed USD $1 billion, 10-year project in the state.

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