Berkshire Hathaway Inc. has announced it has completed its acquisition of Precision Castparts Corp. (PCC) in a transaction valued at some $37.2 billion. With the closing of the deal, PCC is now a wholly owned subsidiary of Berkshire.
PCC is a market leader in the manufacture of complex structural investment castings and forged components for aerospace markets, machined airframe components, highly engineered fasteners for aerospace applications and in manufacturing aerofoil castings for the aerospace and industrial gas turbine markets. The company is also a leading producer of titanium and nickel superalloy melted and mill products for the aerospace, chemical processing, oil and gas, and pollution control industries.
PCC’s headquarters will remain located in Portland, Oregon, USA, and the company continues to be led by Mark Donegan.