Precision Castparts acquires Carlton Forge Works and
Precision Castparts Corp. (PCC) has agreed to acquire
Carlton Forge Works and related entities for $850 million.
Carlton, a manufacturer of seamless rolled rings for
aerospace applications, offers nickel, titanium and steel
rolled rings across a range of product sizes in the industry.
Founded in 1929, Carlton operates one facility in Paramount,
Said Mark Donegan, chairman and chief executive officer
of Precision Castparts Corp, “Ring rolling has been a
distinct gap in our product portfolio, and Carlton will
enable us to provide a full range of products to our
engine customers. Carlton has also been very successful
in building its market positions on all major programs
currently in development, including the Boeing 787 and
As part of the transaction, PCC will also acquire Arcturus
Manufacturing Corporation (Arcturus), a hammer forging
operation in Oxnard, California.
Subject to regulatory approvals, the acquisitions are
expected to be completed during the third quarter of
fiscal 2010, after which their results will be reported
as part of the Forged Products segment.