Precision Castparts to acquire RathGibson
April 1, 2012
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Janesville, Wis.-based welded, stainless-steel
and alloy tubing manufacturer RathGibson agreed March 8 to be acquired by
Precision Castparts Corp. The deal is pending regulatory approval. Precision
Castparts – based out of Portland, Ore. – is a worldwide manufacturer of metal
components and products in the aerospace, power and general industrial
markets.
RathGibson CEO Mark G. Essig sees a strong future for RathGibson with its new business partners. “Operating as part of PCC will allow RathGibson to accelerate its growth plans and offer a more complete product capability to the market. We look forward to capitalizing on the opportunities that this strategic partnership will offer,” he said.
RathGibson CEO Mark G. Essig sees a strong future for RathGibson with its new business partners. “Operating as part of PCC will allow RathGibson to accelerate its growth plans and offer a more complete product capability to the market. We look forward to capitalizing on the opportunities that this strategic partnership will offer,” he said.
