Precision Castparts Agrees to Acquire Ontario-Based Aerostructures Manufacturer

Precision Castparts (PCC), a manufacturer of complex metal products and components, has announced that the company has decided to purchase Centra Industries, a manufacturer of modern aerostructures based in Ontario.

Centra Industries is a company that produces a variety of machined airframe assemblies and other parts, wherein both are manufactured using hard metals and aluminum. High-precision structures, kit integration, high-speed complex machining and sub-assembly are integrated in the core competencies. Centra was established in 1974 and has around 400 non-union workers.

According to the CEO and Chairman of Precision Castparts, Mark Donegan, the company’s existence in the fragmented aerostructures market is expanded through the purchase of Centra. The core capabilities of the company are being expanded, wherein the business will facilitate the company to position the growing product line in the plant. Solid market share has been established by Centra on expanding commercial aircraft campaigns like the A380, 747-8, 777 and 787, and, the previous aerostructures operations, Mark added.

Precision Castparts helps the aerospace, general industrial and power markets. It manufactures complex and huge structural investment castings, forged parts, airfoil castings, and highly engineered, critical fasteners for use in aerospace applications. Airfoil castings are manufactured for use in the industrial gas turbine market. Extruded seamless pipe, clad products, forgings and fittings produced by PPC are used for military and commercial airframe aerostructures, oil & gas and power generation applications, and in metal alloys and other materials to be used in the forging and casting industries.

Source: http://www.precast.com/

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