PCC’s deal for ADI stresses drive for in-house sourcing

Mar 21, 2014 | 05:14 PM | Frank Haflich

Tags  Precision Castparts, PCC, Aerospace Dynamics International, ADI, Mark Donegan, fasteners, forgings, castings aerostructures

LOS ANGELES — Precision Castparts Corp.’s (PCC’s) plans for its newest proposed acquisition, Aerospace Dynamics International (ADI), reflect the company’s increasing intention to drive sourcing among its operations in-house.

PCC this past week said it will spend $625 million to buy the Valencia, Calif.-based machining house, which has specialties in large complex components (amm.com, March 20).

Mark Donegan, chairman and chief executive officer, said in a statement that he’s looking for the "fasteners, forgings and castings that ADI currently purchases on the outside" to be supplied by other PCC operations.....

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