INDUSTRY news
CPP Purchased by Equity Firm Consolidated Precision Products
Corp. (CPP), Pomona, Calif., announced it will be recapitalized by Warburg Pincus, New York. T e metalcasting conglomeration said the private equity fi rm, in partnership with the company’s existing management team, has reached an agreement with the company’s current fi nancial sponsor, Arlington
Industry Personnel Eric Treiber, president and chief
executive offi cer of Chicago White Metal Casting, Bensenville, Ill., was invited, along with 12 others, to be a guest of Republican John Boehner at President Obama’s speech to a joint session of Congress on Sept. 8. “T irteen ‘job creators’ were chosen by Speaker Boehner…to get the word out
Capital Partners, Washington, D.C. T e fi nancial terms of the transaction, which is expected to close in the fourth quarter, were not disclosed. “We believe Warburg Pincus is an
ideal partner for CPP’s growth,” said Steve Clodfelter, CPP’s chief executive offi cer and president. “Warburg Pincus has domain expertise in aerospace and defense, as well as a known track
record of strengthening the global platforms of its portfolio companies.” CPP operates nine casting plants
and a rapid prototyping division in North America and Europe. It manufactures superalloy, aluminum, magnesium and steel components for the commercial aerospace and defense markets in the investment and precision sand casting processes.
about the intense challenges we face trying to grow our businesses in order to create jobs in a struggling economy, while at the same time having to divert fi nancial resources to meet ever- increasing regulatory requirements,” Treiber said.
Grede Holdings LLC, Southfi eld,
Mich., named Raul Lopez managing director of Grede de Mexico, where he will oversee Grede’s NovoCast and Teknik facilities.
Jean Benert joined Chromalloy,
Orangeburg, N.Y., as director of sales for the company’s industrial gas turbine business in Asia.
Nov/Dec 2011 | METAL CASTING DESIGN & PURCHASING | 17
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60