Portland-based Precision Castparts is continuing its string of acquisitions with the purchase of Synchronous Aerospace Group.
Portland-based Precision Castparts is continuing its string of acquisitions with the purchase of Synchronous Aerospace Group.
Precision Castparts said it was paying an undisclosed amount in the cash deal. It said the deal should close by the end of December and would add immediately to earnings.
Synchronous makes flight controls, wing ribs, bulkheads, and other airplane parts. It employs about 700 people in Santa Ana, Calif., where it has its headquarters, and in Kent, Wash., Wichita, Kan., and Tulsa, Okla. It is a portfolio company of the private investment firm Littlejohn & Co. of Greenwich, Conn.,
Read more at OregonLive.com.
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