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Precision Castparts Corp. (NYSE: PCP), Portland, OR, has acquired Aerospace Dynamics International, Valencia, CA, from The Marvin Group for $625 million.
ADI operates a wide range of high-speed machining centers and has strong positions across high-growth commercial platforms, including a significant presence on the Airbus A350.
"ADI have invested in world-class facilities and developed large part capabilities that will expand our aerostructures product offering and role on next-generation aircraft.” said Mark Donegan, chairman and CEO of Precision Castparts Corp. “They also add another leverage point to our growing presence in Southern California."