Precision Castparts Acquires High-Temperature Composite Supplier
Precision Castparts Corp. agreed to acquire Composites Horizons LLC (CHI) from American Industrial Partners. CHI is a leading independent supplier of high-temperature carbon and ceramic composite components, including ceramic matrix composites (CMC), for use in next-generation aerospace engines. CHI manufactures specialized, performance-critical components with exceptional strength and high-temperature tolerance, allowing aircraft engines to operate with higher fuel efficiency and lower emissions.
CHI operates from one site in Covina, California, and employs approximately 200 people. The company has positions across key next-generation commercial platforms, including A320neo, 737 MAX, 777X, 787 and A350 XWB. The acquisition, which is expected to be completed during the second quarter of fiscal 2016, will allow PCC to offer its engine customers a range of metallic and CMC material capability to meet any requirement.