M&A Deal Summary

Precision Castparts Acquires Titanium Metals

On November 9, 2012, Precision Castparts acquired metals/mining company Titanium Metals for 2.9B USD

Acquisition Highlights
  • This is Precision Castparts’ 6th transaction in the Metals/Mining sector.
  • This is Precision Castparts’ largest (disclosed) transaction.
  • This is Precision Castparts’ 19th transaction in the United States.
  • This is Precision Castparts’ 2nd transaction in Texas.

M&A Deal Summary
Date 2012-11-09
Target Titanium Metals
Sector Metals/Mining
Buyer(s) Precision Castparts
Deal Type Add-on Acquisition
Deal Value 2.9B USD

Target

Titanium Metals

Dallas, Texas, United States
Titanium Metals Corp. an industrial parts maker. Titanium manufacturer in the United States, offers a full range of titanium products, including ingot and slab, forging billet, and mill forms. Timet is vertically integrated, capable of making its own titanium sponge.

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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 21 of 31
Sector (Metals/Mining) 6 of 9
Type (Add-on Acquisition) 17 of 26
State (Texas) 2 of 2
Country (United States) 19 of 28
Year (2012) 8 of 10
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-25 Texas Honing

Pearland, Texas, United States

Texas Honing, Inc. is a provider of semi-finished engineered components for use in the drilling, completion and production of natural gas and oil. THI customers include oilfield service companies, specialty steel manufacturers, steel service centers, and machine shops.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Southwest United Industries

Oklahoma City, Oklahoma, United States

Southwest United Industries is a provider in complete metal finishing services as well as aviation component repair and overhaul from its 130,000 ft² facility in Tulsa. Southwest primarily serves the Aerospace & Defense industries but also supports the medical, oil & gas, and general industrial base as well.

Buy -
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