Precision Castparts Corp. expands aerostructures capabilities with acquisition of Aerospace Dynamics International

Precision Castparts Corp. has agreed to acquire Aerospace Dynamics International (ADI) from The Marvin Group for $625m. ADI is one of the premier suppliers in the aerospace industry, operating a wide range of high-speed machining centers. ADI has developed particular expertise in large complex components, hard metal machining, and critical assemblies. The company has strong positions across high growth commercial platforms, including a significant presence on the Airbus A350. ADI operates from one site in Valencia, California, and employs approximately 625 people. Subject to regulatory approvals, the transaction is expected to be completed during the first quarter of fiscal 2015, after which its results will be reported as part of the Airframe Products segment.