Precision Castparts Reorganizes SPS

Jason Sandefur

Precision Castparts has distributed portions of its newly acquired SPS Technologies. The SPS Specialty Materials & Alloys group is now part of the Investment Cast Products segment. It is headquartered at the Muskegon, MI-based Cannon Muskegon alloys operation and continues to be headed by Joe Snowden.
The Aerospace Fasteners and Engineered Fasteners groups now comprise the new Fastener Products segment with about $550 million in annual sales. Steve Hackett, who formerly managed the PCC small structurals casting operations, has gone to Jenkintown, PA, to head this business.
The Precision Tool Group, formerly part of Engineered Fasteners, was switched to the Industrial Products segment. This business makes the tooling for fasteners. Dennis Konkol, who is based in Waukesha, WI, will continue to head up the Industrial Products segment.
Portland, OR-based Precision Castparts acquired Jenkintown-based SPS Technologies in late 2003. \ �2003 FastenerNews.com