
US engine maker buys cast components maker for $11.75 billion to strengthen supply chains.
GE Aerospace is taking over US castings manufacturer Consolidated Precision Products (CPP) for $11.75 billion from financial investors Warburg Pincus and Berkshire Partners to stabilize supply chains and expand production.
AI-generated summary
Engine manufacturers around the world are trying to ramp up production and deal with supply chain problems.
Bangalore. The US engine manufacturer GE Aerospace is taking over the casting manufacturer Consolidated Precision Products (CPP).
The US group wants to acquire the supplier from financial investors Warburg Pincus and Berkshire Partners for $11.75 billion, GE Aerospace announced on Tuesday.
Engine manufacturers around the world are currently trying to ramp up production and contain disruptions in supply chains. “Investment in critical casting capabilities is necessary to meet strong demand in commercial engines, aftermarket and defense,” said GE Aerospace CEO Larry Culp.
Through the takeover, the group wants to expand capacities and advance new engine technologies. Headquartered in Cleveland, CPP is one of the world's largest manufacturers of precision cast components for the aerospace and defense industries. The company employs around 6,600 people at more than 20 locations worldwide and has been working as a supplier to GE Aerospace for more than 15 years. The transaction is expected to close in the second half of 2027.
AI outlook — possibilities, not facts
The transaction will be completed in the second half of 2027
Likely · Within months
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