Precision Closes Deals – Analyst Blog
Zacks Market Commentaries (October 7th, 2009) Writes:
Recently, Precision Castparts Corp. (PCP), a diversified manufacturer of complex metal components and products, has completed its acquisition of Carlton Forge Works in Paramount, California. Carlton is a leading manufacturer of seamless rolled rings of nickel, titanium and steel for utilization primarily in aircraft engine (80%) and gas turbine (20%) applications. Precision Castparts has also acquired Arcturus Manufacturing Corporation, a hammer forging operation in Oxnard, California.
Precision acquired both Carlton and Arcturus for $850 million. The acquisitions are all-cash deals and are financed primarily through current cash balances and small levels of debt. The transactions will be included in Precision’s Forged Products segment, which accounted for about 42% of the company’s sales in the last quarter of fiscal 2009. Precision generated about 24% of its margins from this segment. Management expects the acquisitions to be immediately accretive to earnings.
Precision is among the leading manufacturers of ...
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aerospace and non-aerospace markets, aerospace structural products, aerospace turbine, Alcoa Inc, Allegheny Technologies Inc, Analyst, Arcturus Manufacturing Corporation, California, Carlton, Carlton Forge Works, Carpenter Technology Corporation, chemical processing, Energy Products, Fortech S.A., gas turbine, Haynes International Inc, I.R.I.S. s.a. TG3Z3510AFCS Headset, Investing Lessons, Ladish Company Inc., metal components, Oil And Gas, Oxnard, Paramount;, pollution control, pollution control applications, Precision Castparts Corp, producer, rolled ring products, Schultz Steel Company, steel, Stocks to Watch, Sumitomo Corporation, Thyssen AG, USD, Vallourec & Mannesmann Tubes, Zacks Market Commentaries
aerospace and non-aerospace markets, aerospace structural products, aerospace turbine, Alcoa Inc, Allegheny Technologies Inc, Analyst, Arcturus Manufacturing Corporation, California, Carlton, Carlton Forge Works, Carpenter Technology Corporation, chemical processing, Energy Products, Fortech S.A., gas turbine, Haynes International Inc, I.R.I.S. s.a. TG3Z3510AFCS Headset, Investing Lessons, Ladish Company Inc., metal components, Oil And Gas, Oxnard, Paramount;, pollution control, pollution control applications, Precision Castparts Corp, producer, rolled ring products, Schultz Steel Company, steel, Stocks to Watch, Sumitomo Corporation, Thyssen AG, USD, Vallourec & Mannesmann Tubes, Zacks Market Commentaries


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