O2 Investment Partners and Alpha Sintered Metals have announced their investment in Precision Compacted Components headquartered in Wilcox, Pennsylvania, USA. The transaction is the second investment by ASM this year, following the acquisition of Precision Made Products in May, 2016. Alpha Sintered Metals, Precision Compacted Components and Precision Made Products will remain individual entities, but together form Alpha Precision Group (APG). The founders of Precision Compacted Components remain equity investors through their investment in APG and the current leadership team will continue with their managerial and operational responsibilities.
Established in 1994, Precision Compacted Components (PCC) is a producer of sintered metal products, used primarily in automotive Variable Valve Timing (VVT) and Variable Cam Timing (VCT) systems, with operations in Wilcox and St. Marys, Pennsylvania.
“PCC is a highly regarded supplier in the VVT/VCT market segment. Alpha Sintered Metals is primarily focused on providing products that are consistent with reducing emissions, improving fuel economy, and enhancing engine performance, thus making PCC an ideal strategic fit. We are thrilled to add PCC and their VVT/VCT technology and expertise to the APG portfolio and look forward to expanded participation in this high-growth segment,” stated JoAnne Ryan, CEO of Alpha Precision Group.
Hugh Dornisch, co-founder and CEO of PCC, commented, “We found an excellent partner with ASM, and believe that their expertise in high-temperature sintering coupled with extensive precision-machining and expanded material offerings, are highly complementary to our business. The combination will create exciting opportunities for the future.”
“The PCC management team is highly respected within the industry and has worked closely with the Alpha management team in the past. We are very excited about the opportunities for growth created by bringing these three APG businesses together. In this case, one plus one plus one truly equals five for this family of businesses,” added Jay Hansen, Managing Partner of O2 Investment Partners.