Proceeding with its “aerostructures” strategy, Precision Castparts Corp. is buying a series of machining operations and the McSwain Manufacturing business from Heroux-Devtek Inc. The seller is a Quebec-based manufacturer of aerostructures (commercial and military airframe structures and assemblies), landing gears, and industrial turbine and wind power components.
Heroux-Devtek’s aerostructure operations manufacture aluminum, aluminum-lithium, and titanium, components and assemblies, including bulkheads, wing ribs, spars, frames, and engine mounts. The operations PCC is buying include Progressive Machine in Arlington, Tex., and Montreal (Dorval), and Queretaro, Mexico. These operations will be organized as part of PCC’s Fastener Products segment.
McSwain is a turning, milling, and drilling operation that is well established as a supplier of components for gas turbine and mining applications. It will become part of PCC’s Forged Products segment.
“The acquisition of these operations continues to move us much farther down the road toward strategically building a more cohesive, far-reaching aerostructures business within our Fastener Products segment,” stated Mark Donegan, PCC chairman and CEO of Precision Castparts Corp. “In addition to serving our current customer base, Heroux-Devtek strengthens our presence with such key customers as Lockheed, Bombardier, and Gulfstream.
“The acquisition significantly enhances our ability to machine longer aircraft ribs and spars, as well as larger forged components, such as our titanium bulkheads from Grafton, which we can then supply directly to our OEM customers,” Donegan continued. “These businesses provide us with the advanced, state-of-the-art machining capability that will continue to help drive our top- and bottom-line growth.”