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 offers 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 Hollywood and Kent, Wash. Klune employs approximately
740. The 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, chairman 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 Manufacturing from Heroux- Devtek Inc. The 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. McSwain specializes in turning, milling, 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 second quarter of FY2013. When the transaction is final, Klune’s financial results will be reported as part of Precision Castparts’ fastener products segment. Precision Castparts is a
diversified manufacturer of metal components for the aero- space, power and general industrial markets. The 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 turbine market.
18 | METAL CASTING DESIGN & PURCHASING | Sept/Oct 2012
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