M&A Deal Summary

Precision Castparts Acquires Air Industries

On March 8, 2005, Precision Castparts acquired machinery company Air Industries

Acquisition Highlights
  • This is Precision Castparts’ 3rd transaction in the Machinery sector.
  • This is Precision Castparts’ 4th transaction in the United States.
  • This is Precision Castparts’ 1st transaction in California.

M&A Deal Summary
Date 2005-03-08
Target Air Industries
Sector Machinery
Buyer(s) Precision Castparts
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Precision Castparts

Portland, Oregon, United States
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 4 of 31
Sector (Machinery) 3 of 5
Type (Add-on Acquisition) 3 of 26
State (California) 1 of 14
Country (United States) 4 of 28
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-18 SPS Technologies

Jenkintown, Pennsylvania, United States

SPS Technologies, quality, experience, innovation, and customer support are the key ingredients to success - yours, and ours. As a leading developer, manufacturer and global supplier of the most comprehensive line of aerospace fasteners and precision components, we’re here to help you succeed by providing innovative, high quality products, unrivaled customer support and a thorough understanding of your needs.

Buy $575M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-26 Special Metals

Huntington, West Virginia, United States

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.

Buy $540M
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