Precision Castparts Corp. has agreed to acquire Hackney Ladish. Headquartered in Dallas, Hackney Ladish operates manufacturing facilities in Russellville, AR, and Enid, OK.

“The acquisition of Hackney Ladish significantly broadens our role as a supplier of critical components to energy markets worldwide,” said Mark Donegan, chairman and CEO of Precision Castparts. “We will look to leverage their products and capabilities with our Wyman Gordon and Special Metals pipe and tube operations into power generation, chemical/petrochemical, and other applications,” he added.

After completion of the cash acquisition, Hackney Ladish’s results will be reported as part of the Forged Products segment of Precision’s business.

Precision Castparts Corp. is a worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power generation, automotive, and general industrial and other markets.