The Online Investor
Non-Precious Metals & Non-Metallic Mining M&A image Non-Precious Metals & Non-Metallic Mining M&A » By The Online Investor Staff, updated Mon., Feb. 24, 3:21 PM Recent mergers and acquisitions in the Non-Precious Metals & Non-Metallic Mining M&A category.

Slide #47. Precision Castparts Corp. Klune Industries

Acquirer: Precision Castparts Corp. (PCP)
Acquiree: Klune Industries
Details: Vance Street acquired a majority interest in Klune Industries in early 2010 and undertook a number of initiatives to improve operations. This included bolstering the management team, integrating a strategic acquisition which significantly increased content on key commercial aerospace platforms such as Boeing 787, 737 and 777, streamlining manufacturing processes through the implementation of Six Sigma protocols, and paying down the company's debt burden. These activities served to nearly double revenue and significantly increase profitability, ultimately making the company an attractive acquisition for Precision Castparts. The sale of Klune to Precision Castparts is the first from Vance Street's current fund.
Broker/underwriter/advisor: Vance Street Capital, LLC (Private Equity)

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.

Open the PCP Page at The Online Investor »

Company Name: 
Precision Castparts Corp.
Stock buyback: 
PCP buyback
Non-Precious Metals & Non-Metallic Mining

Open the PCP Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Non-Precious Metals & Non-Metallic Mining M&A - Slide 47 of 47 Page |

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.