PCC mulls another $6B in acquisitions

Jul 24, 2014 | 06:04 PM | Frank Haflich

Tags  Precision Castparts, PCC, aerospace, Timet, Titanium Metals, acquisition, Mark Donegan, Frank Haflich

LOS ANGELES — Precision Castparts Corp. (PCC) could spend another $4 billion to $6 billion on acquisitions during the next three years, chairman and chief executive officer Mark Donegan said.

Portland, Ore.-based PCC could deploy this amount between "now and fiscal year 2017," which begins on April 1, 2016, Donegan said during a conference call on its fiscal first-quarter financial results.

PCC’s most prominent acquisitions recently include its $2.9-billion buy of Exton, Pa.-based Titanium Metals Corp. (Timet) in late 2012 (amm.com, Nov. 9, 2012) and this year’s purchase of Aerospace Dynamics International Inc. (ADI), a Valencia, Calif.-based machining house, for $625 million (amm.com, March 20).....

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