PORTLAND, Ore., Jul 17, 2012 (GlobeNewswire via COMTEX) — Precision Castparts Corp. PCP +0.61% has agreed to acquire certain aerostructures business units and McSwain Manufacturing from Heroux-Devtek Inc.
Heroux-Devtek’s aerostructures operations manufacture a wide variety of components and assemblies from aluminum, aluminum-lithium, and titanium, such as bulkheads, wing ribs, spars, frames, and engine mounts. The aerostructures operations include Progressive Machine in Arlington, Texas, as well as plants in Dorval (Montreal), Canada, and Queretaro, Mexico. McSwain, headquartered in Cincinnati, Ohio, specializes in turning, milling, and drilling, and has developed a strong presence in components for gas turbine and mining applications. These four facilities employ a total of 440 people.
“The acquisition of these operations continues to move us much farther down the road toward strategically building a more cohesive, far-reaching aerostructures business within our Fastener Products segment,” said (…)
