Precision Castparts Continues Aerospace Expansion

Precision, which makes complex metal components for the aerospace and energy industries, announced two Sundays ago it was acquiring Centra Industries, a Canadian aerostructures manufacturer. Now Precision is buying two California companies: Dickson Testing Co., of South Gate, and Aerocraft Heat Treating Co., of Paramount.

Flush with cash, Precision continues a buying spree that fills in links of the aerospace supply chain as the company makes parts for the Boeing 787 Dreamliner and many other aircraft. As usual, the prices of the latest acquisitions were undisclosed.

Mark Donegan, Precision chairman and chief executive, said Sunday his company planned to expand the reach of Dickson and Aerocraft, which also serve industries beyond aerospace.

"These two businesses, Dickson and Aerocraft, are absolutely essential service providers to the aerospace industry, including many of our manufacturing operations," Donegan said in a news release. "Acquiring these assets enables us to integrate and expand their capabilities both within our own facilities and with their many valued aerospace customers worldwide."

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