Log in to use our free company, program and sector update tracker feature.

Front page

Precision Castparts Corp. enters aerospace fluid fittings market with acquisition of Airdrome Holdings

Precision Castparts Corp. (NYSE:PCP) has agreed to acquire Airdrome Holdings, LLC (Airdrome), which consists of Airdrome Precision Components (APC) and AF Aerospace Ltd. (AFA).

APC, located in Long Beach, California, is a leading supplier of hydraulic and pneumatic fluid fittings primarily for airframe applications. AFA, located in Rugby, England, manufactures a variety of machined components for aerospace applications, including fittings and other fluid conveyance products, ultra-high tensile bolts, and machined details. Fluid fittings, manufactured in nickel, titanium, and stainless steel alloys, are the critical connectors for hoses transporting fuel, hydraulic fluid, and pneumatic pressure throughout an aircraft.

"The acquisition of Airdrome continues to expand and enhance our critical aerospace fastener product portfolio," said Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. "APC provides an immediate entry into the fluid fittings market segment, while AFA nicely complements our UK fastener operations, TJ Brooks and SPS Aerostructures, both in product families and sales channels. Both of the Airdrome operations have significant growth opportunities, and we expect to realize operational synergies and benefits from economies of scale given our existing aerospace fastener facilities located near both APC and AFA."

The acquisition of Airdrome for cash will be immediately accretive to earnings. Subject to regulatory approvals, the acquisition is expected to be completed in the third quarter of fiscal 2009, after which Airdrome's results will be reported as part of the Fastener Products segment.

Precision Castparts Corp. is a worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power generation, automotive, and general industrial and other markets. PCC is the market leader in manufacturing large, complex structural investment castings, airfoil castings, and forged components used in jet aircraft engines and industrial gas turbines. The Company is also a leading producer of highly engineered, critical fasteners for aerospace, automotive, and other markets and supplies metal alloys and other materials to the casting and forging industry.

Press release issued by Precision Castparts Corporation on August 28, 2008


 Contact details from our directory:
Precision Castparts Corporation Forming, Machine Tools, Fastening Tools, Casting, Forging, Fasteners, Latches, Metal & Alloy Forgings, Custom Fasteners, Self-Locking Nuts, Bolts, Rivets, Washers


 Related directory sectors:

Enhanced listings:

Reduce the time spent on current projects by using ESDU – engineering data and software that have been approved and endorsed by professional institutions.

General Plastics Manufacturing Co.
GP has been supplying OEMs, Tier 1 & 2 companies with flame-retardant foam core materials and custom flexible foam molded parts for aircraft flight decks and interior cabins for over 50 years.

Quintus Technologies
Quintus Technologies is a global leading provider of high pressure fluid cell presses and hydroform deep-draw presses for sheet metal forming

TenCate Advanced Composites
TenCate Advanced Composites is a leading provider of thermoset and thermoplastic prepregs to the aerospace industry.

MW Industries, Inc
Design and manufacture springs, fasteners and related products for aerospace including: engine components, flight controls, propulsion, landing gear, interiors and avionics.

See our advertising tariff.


data pages remaining in monthly quota for non-subscribers

© Copyright of Airframer Limited, operated under licence by Stansted News Limited 2017. Terms & Conditions of reading.