NEW YORK Precision
Castparts Corp. (PCC) has received the green light from the
U.S. government to complete its previously announced purchase
of aerospace forgings producer Unison Engine Components Inc.
from General Electric Co., according to a Federal Trade
Commission (FTC) document.
The U.S. Justice
Departments antitrust division and the FTC have granted
early termination of the waiting period required under the
Hart-Scott-Rodino Act, essentially approving the deal, a March
12 document shows.
Portland, Ore.-based PCC announced plans to buy Unison
Enginebetter known as Tru-Formin June 2011, as it
looked to build out its aerospace forgings portfolio (
amm.com, June 14, 2011).