RathGibson to be acquired by Precision Castparts

March 13, 2012

RathGibson, a manufacturer of welded, welded and drawn, and seamless stainless steel, nickel, and specialty alloy tubing based in Janesville, Wis., has agreed to be acquired by Precision Castparts Corp. (PCC). The acquisition is pending regulatory approvals.

Precision Castparts is a worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets.

"Operating as part of PCC will allow RathGibson to accelerate its growth plans and offer a more complete product capability to the market," said Mark G. Essig, CEO of RathGibson.

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