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Business/Financial

Precision Castparts To Acquire Aerostructures Business From Heroux-Devtek

Defense Daily Staff

Wednesday, July 18th, 2012

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Precision Castparts Corp. [PCP] yesterday said it has agreed to acquire most of the aerostructures and industrial products business units from Canada’s Heroux-Devtek for $296.1 million in cash, further consolidating its capabilities and products within the aerostructures market. The acquisition is subject to regulatory approvals and expected to close by the end of September. “The acquisition of these operations continues to move us farther down the road toward strategically building a more cohesive, far-reaching aerostructures business within our Fastener Products…

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