More aero supply chain consolidation predicted
Apr 26, 2012 | 05:20 PM
| Frank Haflich
Tags
aerospace,
kevin michaels,
ICF,
AMM Aerospace Materials Conference,
frank haflich
PITTSBURGH — Supply chain consolidation, characterized by three "blockbuster" deals in the past year, is likely to continue among both producers and processors of aerospace materials, a top aviation analyst said at AMM’s 6th Annual Aerospace Materials Conference in Pittsburgh.
Kevin Michaels, vice president of Ann Arbor, Mich.-based aviation consultant ICF SH&E, called the past year’s blockbuster deals—the $883-million purchase of Ladish Co. by Allegheny Technologies Inc.; the $900-million acquisition of Primus International by Precision Castparts Corp.; and the $558-million deal combining major aerospace alloy producers Latrobe Specialty Steel Co. and Carpenter Technology Corp.—"harbingers" of future consolidation and vertical integration in Tiers 3....
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