Precision Castparts Inc. ( PCP ) intends to acquire state-of-the-art aerostructures manufacturer Centra Industries in an all-cash transaction. The deal is expected to be completed by the first quarter of fiscal 2013 and is expected to be accretive to earnings, effective immediately.
Based in Cambridge, Ontario, Centra primarily manufactures a variety of machined airframe components and assemblies, both in aluminum and hard metals. Centra’s core competencies include the high-speed machining of complex, high-precision structures, sub-assembly and kit integration.
The acquisition will be included in Precision Castpart’s fasteners segment which is a leading developer and manufacturer of highly engineered fasteners, fastener systems (…)
via Precision Castparts Acquires Centra – Analyst Blog – NASDAQ.com.