Precision Castparts Corp., Portland, OR, has agreed to acquire Carlton Forge Works, Paramount, CA, a leading manufacturer of seamless rolled rings for critical aerospace applications.
“Carlton is a critical strategic asset that we have aggressively pursued for several years,” said Mark Donegan, CEO of Precision Castparts Corp. “Ring rolling has been a distinct gap in our product portfolio, and Carlton, the technology leader in that market, will enable us to provide a full range of products to our engine customers.”
The acquisition will significantly expand Precision Castparts’ forging capabilities and expand market penetration potential. As part of the transaction, Precision will also acquire Arcturus Manufacturing Corporation, a hammer forging operation in Oxnard, California.
Precision Castparts Corp., Portland, OR, has agreed to acquire Carlton Forge Works, Paramount, CA, a leading manufacturer of seamless rolled rings for critical aerospace applications.
“Carlton is a critical strategic asset that we have aggressively pursued for several years,” said Mark Donegan, CEO of Precision Castparts Corp. “Ring rolling has been a distinct gap in our product portfolio, and Carlton, the technology leader in that market, will enable us to provide a full range of products to our engine customers.”
The acquisition will significantly expand Precision Castparts’ forging capabilities and expand market penetration potential. As part of the transaction, Precision will also acquire Arcturus Manufacturing Corporation, a hammer forging operation in Oxnard, California.