PCC grows airframe supply reach with $600M purchase
Jun 28, 2013 | 12:56 PM
| Frank Haflich
NEW YORK Precision Castparts Corp. (PCC) will add to its airframe supply chain portfolio with the acquisition of France-based fittings manufacturer Permaswage SAS.
In its first significant acquisition this year, Portland, Ore.-based PCC will pay $600 million for Permaswage, which has been owned since 2007 by London-based private equity firm Bridgepoint Capital Ltd.
The cash transaction for Permaswage, which employs about 680 people at production facilities in Gardena, Calif., Les Clayes-sous-Bois, France, and Suzhu, China, is expected to be completed by the end of PCCs fiscal second quarter ending Sept. 30. ....
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