M&A Deal Summary

HC Pacific Acquires Wetmore Tool & Engineering - California Associated Products Business

On February 1, 2020, HC Pacific acquired aerospace company Wetmore Tool & Engineering - California Associated Products Business from Wetmore Tool & Engineering

Acquisition Highlights
  • This is HC Pacific’s 1st transaction in the Aerospace sector.
  • This is HC Pacific’s 1st transaction in the United States.
  • This is HC Pacific’s 1st transaction in California.

M&A Deal Summary

Date 2020-02-01
Target Wetmore Tool & Engineering - California Associated Products Business
Sector Aerospace
Buyer(s) HC Pacific
Sellers(s) Wetmore Tool & Engineering
Deal Type Divestiture

Target

Wetmore Tool & Engineering - California Associated Products Business

Chino, California, United States
Wetmore Tool & Engineering, Inc. - California Associated Products (CAP) Business is a producer of temporary fasteners used in the manufacture of aircraft and any other sheet metal products.

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Buyer(S) 1

Buyer

HC Pacific

Ontario, California, United States

Category Company
Founded 1971
Sector Aerospace
DESCRIPTION

HC Pacific is a global distributor, manufacturer, and provider of innovative supply chain optimization services. HC Pacific has been a one-stop source for specialty raw materials, precision fasteners, electronic hardware, and components / line-replacement units for various aerospace applications.


DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Wetmore Tool & Engineering

Chino, California, United States

Category Company
Founded 1950
Sector Machinery
Revenue 160M SEK (2017)
DESCRIPTION

Wetmore Tool & Engineering, Inc. is a manufacturer of round tools specialized for the aerospace industry. Wetmore Tool & Engineering was founded in 1950 and is based in Chino, California.


DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1