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.
Precision Castparts to acquire RathGibson
April 1, 2012