M&A Deal Summary

Precision Castparts Acquires SPS Technologies

On August 18, 2003, Precision Castparts acquired machinery company SPS Technologies for 575M USD

Acquisition Highlights
  • This is Precision Castparts’ 2nd transaction in the Machinery sector.
  • This is Precision Castparts’ 7th largest (disclosed) transaction.
  • This is Precision Castparts’ 3rd transaction in the United States.
  • This is Precision Castparts’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2003-08-18
Target SPS Technologies
Sector Machinery
Buyer(s) Precision Castparts
Deal Type Add-on Acquisition
Deal Value 575M USD

Target

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.

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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 3 of 31
Sector (Machinery) 2 of 5
Type (Add-on Acquisition) 2 of 26
State (Pennsylvania) 1 of 1
Country (United States) 3 of 28
Year (2003) 1 of 1
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Eldorado s Tooling Business

United States

Eldorado's Tooling Business is a designer and manufacturer of gundrilling machines and tools for a variety of metalworking industries.

Sell -
FOLLOWING 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 -
Mergr

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