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Precision Castparts Corp. acquires Noranco

Precision Castparts Corp., Portland, Ore., has agreed to acquire Noranco from MidOcean Partners and PSP Investments for $560 million.

Noranco, Pickering, Ont., is a supplier of complex machined and fabricated components for aero-engine, landing gear, and airframe applications. Its largest customers are Honeywell, UTAS, Safran, Bombardier, and Spirit.