Janesville, Wis.-based RathGibson agreed March 8 to be acquired by Precision Castparts Corp.
Wis.-based welded, stainless steel and alloy tubing manufacturerRathGibsonagreed March 8 to be acquired byPrecision Castparts Corp.The deal is pending regulatory approval.
Castparts – based out of Portland,
Ore. – is a worldwide
manufacturer of metal components and products in the aerospace, power and
general industrial markets.
makes precision engineered straight lengths, coil and U-Bend tubing for the
power generation, oil and gas, chemical and beverage industry among others. CEOMark G. Essigsees a strong future for RathGibson with its
new business partners.
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,” said Essig.
manufacturing plants are located in Janesville, Wis.; North Branch, N.J.; and Clarksville, Ark.
(Greenville Tube). Sales offices are located in Janesville
and North Branch, as well as, Shanghai, China; Mumbai, India and Vienna,