PCC back to aero buys, will acquire Synchronous
Nov 28, 2012 | 05:16 PM
| Frank Haflich
LOS ANGELES Precision Castparts Corp. (PCC) is back to buying aerospace machining capabilities with the proposed acquisition of Synchronous Aerospace Group, following a brief break in strategy to pick up titanium capacity.
PCCwhich recently said it would acquire Titanium Metals Corp. (Timet) for $2.9 billion (amm.com, Nov. 9)said this week it expects to complete the purchase of Santa Ana, Calif.-based Synchronous, which makes mechanical assemblies for the commercial aerospace and defense markets, by the end of the year. Financial details of the proposed cash transaction werent disclosed. ....
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