INDUSTRY NEWS
Precision Castparts Purchases Klune Industries, Others Precision Castparts Corp.,
Portland, Ore., has agreed to acquire Klune Industries, North Hollywood, Calif., a manufacturer of complex aluminum, nickel, titanium and steel aircraft structures. Klune focuses on casting,
forming, machining and assembly of aerostructure parts and of- fers a range of cold-formed sheet metal components. In addition to its investment casting facility in Spanish Fork, Utah, the company operates facilities in North Hol- lywood and Kent, Wash. Klune employs approximately
740. Te company is the latest in a number of acquisitions Precision Castparts has completed in the past 12 months. “Like Centra and Primus before, Klune expands our reach into the
widely fragmented aerostructures market,” said Mark Donegan, chair- man and chief executive officer of Precision Castparts. “From a top- line perspective, Klune’s product line will significantly increase our dollar content on the Boeing 787, and [it has] solid positions on other major aircraft platforms, such as the Boeing 737 and Gulfstream G650.” Precision Castparts’ most recent
acquisitions were aerostructures business units and McSwain Man- ufacturing from Heroux-Devtek Inc. Te aerostructures operations produce a variety of components and assemblies from aluminum, aluminum-lithium, and titanium, such as bulkheads, wing ribs, spars, frames and engine mounts. Mc- Swain specializes in turning, mill- ing, and drilling and has a
presence in the gas turbine and mining markets. Precision Castparts said in a statement the Klune acquisition was made with cash and is expected to be completed during the sec- ond quarter of FY2013. When the transaction is final, Klune’s financial results will be reported as part of Precision Castparts’ fastener prod- ucts segment. Precision Castparts is a diversi- fied manufacturer of metal com- ponents for the aerospace, power and general industrial markets. Te company is a market leader in large structural investment castings, airfoil castings, forged components and critical fasteners for aerospace applications. It also produces airfoil castings for the industrial gas tur- bine market.
August 2012 MODERN CASTING | 11
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