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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.

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Company Name: 
Precision Castparts Corp.
Stock buyback: 
PCP buyback
Website: 
www.precast.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
 

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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
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