RathGibson makes welded finished stainless steel and special alloy pipe and tubing used in the commercial, food services, pharmaceutical, and semiconductor industries. A series of deals expanded the company's operations. Rath Manufacturing bought Gibson Tube in 1999 to produce an expanded line of commercial and sanitary tubing; the company took the RathGibson name in 2005. It acquired Greenville Tube in 2006, adding to its offerings and geographic scope. The company emerged from Chapter 11 bankruptcy in 2010 and in 2012 was acquired by complex metal components and products manufacturer Precision Castparts.
Bankruptcy in 2009 came on the heels of a record 2008. The problem was demand dropping by half coupled with a tremendous debt load. The company suffered a significant decrease in orders in 2009 due to the global economic crisis and was forced to seek protection.
Upon emerging from bankruptcy, the company's name was changed to RathGibson LLC. The new company will continue to operate in RathGibson's traditional business lines, including stainless steel, nickel, and titanium tubing for industries such as petrochemical, power generation, oil and gas, food and dairy, beverage, pharmaceutical, and general commercial. – less