Precision Castparts to Acquire PB Fasteners

Precision Castparts Corp. has agreed to acquire the assets of PB Fasteners (PB). PB is an industry leader in the design and manufacturing of fastener products for airframe applications, including the development of the SLEEVbolt (R) fastening system. The company’s sleeve bolt technology is critical to mitigating the impact of lightning strikes on the Boeing 787 aircraft. Located in Gardena, California, PB entered the aerospace fastener business in 1967. “We have been looking at PB for a long time as part of our continued strategy to expand our critical aerospace fastener portfolio,” said Mark Donegan, Chairman and chief executive officer of Precision Castparts Corp. (PCC). “PB provides the technology to accelerate our
growth into composite-based aircraft like the 787, as well as other new, advanced aerospace platforms.

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