Precision Castparts Corp. (“PCC”) acquired Centra Industries Inc (“Centra”) for an undisclosed price payable in cash.
Precision Castparts Corp. (NYSE: PCP) is a worldwide manufacturer of complex metal components and products. The company provides investment castings, forgings and fasteners/fastener systems for critical aerospace and industrial gas turbine (IGT) applications. It also provides aero-structures for the aerospace industry, and investment castings and forgings for general industrial, armament, medical and other applications.
Centra is a leading manufacturer of complex aerostructures components for the world's major commercial and military aircraft programs including Boeing 737, 747, 777 and 787, Bombardier RJ and Business Jets, Airbus A-380 and Lockheed Martin F35. In 2007, Centra undertook a recapitalization transaction with Boston-based private equity firm New Heritage Capital and today has over 400 employees.
PCC was represented in the United States by Stoel Rives LLP with a team that included Ruth Beyer, Jason Brauser and Doug Lindgren (corporate) and in Canada by Bennett Jones LLP with the team that included Christian Gauthier, Russel Drew and Chelsea Miller (corporate); John Van Gent and Aleksandra Finelli (real estate); Mary Beth Currie (employment); Bernie Morris and Thomas Bauer (tax) and Sarah Gilbert (environmental).
Centra was represented in Canada by Gowling Lafleur Henderson LLP with a team that included David Petras, Viona Duncan and Graham Darling (corporate); Rosa Lupo (corporate and real estate); Ross Wells (employment); Harry Dahme (environmental) and Sharon Bennett (tax) and in the United States by Choate, Hall & Stewart LLP with a team that included Christian Atwood and Stephen Cohen (corporate) and Steven Eichel (tax).