7/19/2010
HEADLINES
ACQUISITION: Wrentham Tool Acquires PCC’s Rico/Astro
Wrentham Tool Products LLC announced it acquired the RICO/Astro punch and header tool product lines of PCC Specialty Products Inc., a Precision Castparts Corp. subsidiary.
The transaction, when completed, will position the Wrentham Tool Group as one of the major producers of cold heading and forming tools and recess gauging for the global fastener industry.
Wrentham Tool, an affiliate of the Phillips Screw Co., has provided header tooling products and technical services to the fastener industry for more than sixty years.
Founded in 1948 in Wrentham, MA, the company then known as Wrentham Steel Products was acquired by Phillips in 2004.
The company name was changed to Wrentham Tool and moved to 155 Farm St., Bellingham, MA 02019. Tel: 508 966-2332 Fax 508 966-2326 Web: Wrenthamtool.com
PCC Specialty Products is a part of the industrial products division of Precision Castparts and includes three segments- Hi-Life Tools, Reed-Rico and Howell Penncraft.
PCC Specialty Products has service centers located in Massachusetts, Ireland and Taiwan.
Portland, OR-based Precision Castparts has forged a powerhouse fastener division that includes Cherry Aerospace, Air Industries and Shur-Lok.
Precision Castparts assembled its fastener division by acquiring SPS Technologies in 2003 for $893 million and airframe fastener maker AIC in early 2005 for $194 million.
PCC also manufactures thread rolling dies and header tooling for fastener machinery.
Precision Castparts reported fastener products sales of $1.4 billion for 2009. Overall Precision Castparts sales totaled $5.5 billion. ©2010 GlobalFastenerNews.com
Related Links:
Share: