German company acquires Titusville business

“How do I retire and keep the entity here,” Jack Roser has wondered for a while about his Titusville-based company, Roser Technologies Inc.

In finding a solution to that problem, Roser said he wound up with a new partnership.

Roser, the company’s president and CEO, confirmed Tuesday that Roser Technologies (RTI) and KME Special Products GmbH &Co. KG (KME Special), a German company, have entered into an acquisition agreement through KME subsidiary KME Special Products America Inc., as of Jan. 1.

RTI designs, manufactures and refurbishes caster mold and segment components along with other critical parts used to manufacture steel.

With distribution throughout the United States, Canada and Mexico, and employing 155 “dedicated” individuals, Roser said it was difficult for him to consider retirement without knowing that the business, founded in 2001, remain a vital industry for Venango County.

That’s why, Roser said, he chose to combine his business with KME.

“With KME Special’s long company history, with roots dating back to 1886, and their reputation for producing high quality products with a global footprint, they seemed to be a perfect strategic fit for RTI’s long-term succession plans,” said Roser.

Roser also said KME Special’s innovative copper technology paired well with RTI’s proven high quality service standards, which “ideally positions us to provide additional value and alternative solutions for customers across the North American market. Our combined expertise “will drive efficiency and performance through full provision of sales and service under one umbrella.”

As to what this means for the company’s current employees, Roser said “we will continue operating as RTI in all four facilities between Titusville and Pleasantville, with continued services for both RTI’s and KME Special’s customer base.”

Roser said the two companies “anticipate adding additional employees and machinery to meet this demand. We are very excited about the future opportunities for our customers, our community, and our employees. This deal is a win for everyone involved.”