M&A Deal Summary

Precision Castparts Acquires Special Metals

On August 26, 2005, Precision Castparts acquired metals/mining company Special Metals for 540M USD

Acquisition Highlights
  • This is Precision Castparts’ 2nd transaction in the Metals/Mining sector.
  • This is Precision Castparts’ 9th largest (disclosed) transaction.
  • This is Precision Castparts’ 5th transaction in the United States.
  • This is Precision Castparts’ 1st transaction in West Virginia.

M&A Deal Summary
Date 2005-08-26
Target Special Metals
Sector Metals/Mining
Buyer(s) Precision Castparts
Deal Type Add-on Acquisition
Deal Value 540M USD

Target

Special Metals

Huntington, West Virginia, United States
website
Special Metals an invention, production and supply of the high-nickel, high-performance alloys used for the difficult jobs in engineering. These alloys are highly engineered to offer a superior combination of heat resistance, high-temperature corrosion resistance, toughness and strength and are used in the world's most technically demanding industries and applications.

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Buyer(S) 1

Buyer

Precision Castparts

Portland, Oregon, United States

website

Category Company
Founded 1949
Sector Manufacturing
Employees29,900
Revenue 10.0B USD (2015)
DESCRIPTION

Precision Castparts is a manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. Precision Castparts was formed in 1953 and is headquartered in Portland, Oregon.

DEAL STATS #
Overall 5 of 31
Sector (Metals/Mining) 2 of 9
Type (Add-on Acquisition) 4 of 26
State (West Virginia) 1 of 1
Country (United States) 5 of 28
Year (2005) 2 of 2
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-08 Air Industries

Garden Grove, California, United States

Air Industries Corp. is a manufacturer of airframe fasteners, which include bolts, pins, and screws made from titanium and nickel-based alloys.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-23 Cherry Aerospace

Santa Ana, California, United States

Cherry Aerospace LLC a manufacturer of aerospace rivets and blind bolts. Primarily used in structural applications, Cherry brand products are found on all major commercial and military aircraft in production or development today.

Buy $300M
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