Precision To Pay $600M For Aerospace Co. Permaswage

Law360, New York (June 27, 2013, 12:03 PM EDT) -- Precision Castparts Corp. said Thursday that it plans to buy California-based Permaswage Holding SAS for $600 million from a European private equity firm, in a deal that the companies hope will continue their expansions into aerospace manufacturing.

The all-cash deal shifts Permaswage from Bridgeport, an international private equity group that acquired the fluid fixture manufacturer in 2007, the company said. The companies expect the acquisition to close during the third quarter of 2013.

“The acquisition of Permaswage by PCC provides our company, and all its employees,...
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