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Aerospace Foundry Chain Sold to Equity Group

Oct. 19, 2011
Commercial aerospace, military, and industrial components Foundries in Calif., Minn., France

Consolidated Precision Products Corp. has been sold by one private equity group to another, though no terms have been announced. Warburg Pincus, a New York-based fund acquired the California-based investment casting and precision sand casting organization from Arlington Capital Partners.

Arlington acquired CPP in partnership with its management in 2008. Earlier this year, it hired Morgan Stanley and Lazard Ltd. to locate potential buyers for the group. Warburg has made a series of investments in aerospace and defense system suppliers and component manufacturers over recent years.

CPP produces engineered components for commercial aerospace, military, and industrial customers. It has seven foundries in California, one in Minnesota (the former Hitchcock Industries), and two in France (the former Microcast Group) producing investment castings and sand castings in a range of sizes, in aluminum and magnesium alloys, steel, and super alloys. Its list of customers includes Airbus, Boeing, General Electric, Hamilton Sundstrand, Honeywell, Lockheed Martin, and Pratt & Whitney. It’s involved in numerous large commercial and military aircraft production programs

About the Author

Robert Brooks | Content Director

Robert Brooks has been a business-to-business reporter, writer, editor, and columnist for more than 20 years, specializing in the primary metal and basic manufacturing industries. His work has covered a wide range of topics, including process technology, resource development, material selection, product design, workforce development, and industrial market strategies, among others. Currently, he specializes in subjects related to metal component and product design, development, and manufacturing — including castings, forgings, machined parts, and fabrications.

Brooks is a graduate of Kenyon College (B.A. English, Political Science) and Emory University (M.A. English.)