PCC in $729M deal to acquire supplier in Pa.

Aug 18, 2003 | 08:14 PM | Philip Burgert

Precision Castparts Corp. (PCC) executives estimate annual cost savings, including those on purchases of titanium and nickel alloys, of between $30 million and $35 million as a result of the Portland, Ore.,-based company's planned purchase of SPS Technologies Inc.

The components manufacturer said Monday it had agreed to buy SPS Technologies, Jenkintown, Pa., a supplier of fasteners and metal products to aerospace, automotive and general industries, for $729 million.....

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