Berkshire Hathaway Inc. and Precision Castparts Corp. (PCC) announced the completion of the acquisition of PCC for approximately $37.2 billion. Industrial Heating first reported the deal in August 2015. With the closing of this transaction, PCC is now a wholly owned subsidiary of Berkshire. PCC’s headquarters remain located in Portland, Ore., and the company continues to be led by Mark Donegan. PCC manufactures complex structural investment castings and forged components for aerospace markets; produces titanium and nickel superalloy products for the aerospace, chemical processing, oil and gas, and pollution control industries; and manufactures extruded seamless pipe, fittings and forgings for power-generation and oil and gas applications.
Berkshire Hathaway Completes Precision Castparts Acquisition
February 1, 2016