Market Overview

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) (NYSE: PCP) in a $600 million, all cash, transaction.

The company expects the transaction to be completed during the third quarter of 2013.

See full press release

Posted-In: News Guidance Contracts M&A Global

 

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