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Precision Castparts buys Titanium Metals

Jan. 09, 2013 @ 12:00 AM

PORTLAND, Ore. -- Precision Castparts Corp. said Tuesday that it has completed its acquisition of Titanium Metals Corp. for roughly $2.9 billion.

The deal, first announced in November, gives Precision a titanium capability that it said has always been a key missing piece from its product portfolio.

Precision, based in Portland, Ore., manufactures metal products and owns the Special Metals operation in Huntington. The company paid $16.50 per share for the titanium company's shares. That was a 44 percent premium to its closing price prior to the announcement.

Titanium Metals, also known as Timet, is based in Dallas with production facilities in the U.S. and Europe. It supplies nearly one-fifth of the world's titanium. The two companies have worked together for a number of years.

Frontier to provide service for State Fair

FAIRLEA, W.Va. -- Frontier Communications reported Tuesday it will provide broadband and telephone service for The State Fair of West Virginia's year-round operations.

"We recognize that The State Fair is a major economic engine for Greenbrier County, and we look forward to growing with the Fair team as it continues to represent the values and traditions that are so important to the people of our state," Mike Swatts, general manager for Frontier, said in a press release.

The 2013 edition of the State Fair of West Virginia is scheduled for Aug. 9-17 at the fairgrounds in Fairlea.

Junior College to offer medical coding exam

HUNTINGTON -- Huntington Junior College has become a testing site to offer the Certified Professional Coding Medical Coding Certification exam.

The college has received approval from the American Association of Professional Coders to offer the test. The association oversees credentials for physician-based medical coders.

Kris Asbury, past president of the Huntington Chapter of the AAPC, said in a press release that certified coders are key to compliant and profitable medical practices and earn 20 percent more than non-certified coders.

Huntington Junior College's first CPC exam will be offered at 9 a.m. Saturday, March 30, and the registration deadline is Saturday, March 9. It's limited to the first 20 applicants. Another test will be offered later this year.

Registration is available at the AAPC website at www.aapc.com. The college is located at 900 5th Ave.

Stockmeier Urethanes expanding in Clarksburg

CLARKSBURG, W.Va. -- Stockmeier Urethanes USA Inc. plans to expand its operations in Clarksburg.

President and CEO Christian Martinkat tells The Exponent Telegram that the company is acquiring three-and-a-half to 4 acres and an office building adjacent to its plant from Thrasher Real Estate Investment LLC. The cost of the acquisition is $1.85 million.

Martinkat attributes the expansion to the economy's improvement and a growing market for the company's polyurethane systems.

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