Precision Castparts acquires Primus International for $900 million

Precision Castparts Corp. a worldwide, diversified manufacturer of complex metal components and products, has agreed to acquire Primus International (Primus) for $900 million in cash. Primus is a leading supplier of complex components and assemblies to the global aerospace industry, including swaged rods, advanced composites, and machined aluminum and titanium components.  Product applications include wing, fuselage and engine-related assembly, passenger and exit doors, and actuation and flight control assemblies.  Headquartered in Bellevue, Washington, Primus employs approximately 1,500 people across seven manufacturing locations, including three in the Seattle, Washington area, as well as Tulsa, Oklahoma; Suzhou, China; Bangkok, Thailand; and Farnborough, England.