Precision Castparts Acquires Permaswage for $600M in Cash

Permaswage Holding SAS, the world-leading designer and manufacturer of aerospace fluid fittings, an investment of the European private equity firm Bridgepoint, has been sold, subject to regulatory approvals, to Precision Castparts Corp. (PCC)

in a $600 million, all cash, transaction. The company expects the transaction to be completed during the third quarter of 2013.