Precision Castparts To Acquire Aerospace Dynamics For $625M

ADI is one of the premier suppliers in the aerospace industry, operating a wide range of high-speed machining centers. ADI has developed particular expertise in large complex components, hard metal machining, and critical assemblies.

 

"ADI is an acquisition we have pursued for several years," said Mark Donegan, chairman and chief executive officer. "They have invested in world-class facilities and developed large part capabilities that will expand our aerostructures product offering and role on next-generation aircraft. The PCC Aerostructures team will aggressively work with other PCC locations to provide the fasteners, forgings, and castings that ADI currently purchases on the outside, and look to drive additional opportunities to optimize capacity and cost decisions across our aerostructures businesses. ADI also adds another leverage point to our growing presence in Southern California." The transaction is expected to be completed during the first quarter of fiscal 2015.

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