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 CEOMark G. Essigsees 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.