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Business/Financial

Precision Castparts To Acquire Aerospace Composite Components Manufacturer

By Cal Biesecker

Monday, July 13th, 2015

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Precision Castparts To Acquire Aerospace Composite Components Manufacturer

Composites Horizons manufactures a wide range of aviation components such as engine exhaust flaps, bleed ducts, exhaust ducts, radomes and more. Photo. Composite Horizons

Precision Castparts Corp. [PCP] on Monday said it has agree to buy Composites Horizons, LLC (CHI), a supplier of high temperature carbon and ceramic composite components, primarily for commercial aircraft engines.Terms of the deal were not disclosed. California-based CHI is a subsidiary of American Industrial Partners (AIP), which owns other companies in the aerospace industry. CHI has a backlog of more than $330 million, according to AIP’s website.CHI supplies components, including ceramic matrix composites (CMC), for used on a number…

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