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Slide #34. Precision Castparts Corporation — Texas Honing
Precision Castparts Corporation (PCP)
H.I.G. Capital, a leading global private equity investment firm with more than $10.0 billion of equity capital under management, announced today that it has completed the sale of Texas Honing, Inc. ("THI"), a leading engineering-enabled producer of high precision components used in oilfield drilling, completion, and production systems worldwide. After the transaction, the company will be included in the Forged Products segment of Precision Castparts Corporation.
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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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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