Metals & Mining M&A » By The Online Investor Staff, updated Sun., Jan. 17, 2:04 AM
Recent mergers and acquisitions in the Metals & Mining M&A category.
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Slide #34. Precision Castparts Corp. — Aerospace Dynamics International
Acquirer:
Precision Castparts Corp. (PCP)
Acquiree:
Aerospace Dynamics International
Details:
Precision Castparts Corp. (NYSE:PCP) has agreed to acquire Aerospace Dynamics International (ADI) from The Marvin Group for $625 million.
Precision Castparts is a manufacturer of metal components and products, provides investment castings, forgings, fasteners/fastener systems and aerostructures for aerospace and power applications. Co. has three segments: Investment Cast Products, which manufactures investment castings for aircraft engines, industrial gas turbine (IGT) engines, airframes, medical implants, armament, and unmanned aerial vehicles, among others; Forged Products, which manufactures forged components for commercial and military aircraft engines and IGT; and Airframe Products, which develops and manufactures fasteners, fastener systems, aerostructures and precision components, primarily for aerospace applications.
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Avg. Broker Rec.
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