- Gray-Syracuse, Concorde Castings included in sale
- Sale closed December 31, 2012
Consolidated Precision Products Corp. a California-based holding company for numerous foundries producing components for commercial aerospace, military, and industrial buyers, has completed its purchase of ESCO Corp.’s Turbine Technologies Group. The sale was announced in November and finalized at the end of 2012.
The value and terms of the acquisition were not announced.
Portland, OR-based ESCO is a steel foundry group with a global network of operations casting and distributing engineered wear parts for equipment used in mining, oil-and-gas exploration, infrastructure development, and industrial operations.
The Turbine Technologies operations consist of investment casting foundries in Chittenango, NY, Eastlake, OH, Herstal, Belgium, and Guaymas, Mexico.
The CPP organization consists of seven foundries in California, one in Minnesota (the former Hitchcock Industries), and one in Massachusetts (formerly Wollaston Alloys), plus two in France (the former Microcast Group.) Its operations produce investment castings, sand castings, and permanent mold castings in aluminum and magnesium alloys, steel, and super alloys. Its capabilities include numerous casting sizes, and multiple finishing and other services. It lists most major aircraft OEMs and Tier One suppliers as customers.
Some of CPP’s products are supplied to other markets, too, including medical equipment, nuclear components, petrochemical processing, power generation, and high-tech aerospace.