Precision Castparts to buy some ops from Héroux-Devtek for C$300 mln

July 17 Tue Jul 17, 2012 7:59am EDT

July 17 (Reuters) - Metal parts maker Precision Castparts Corp will buy Canadian manufacturer Héroux-Devtek Inc's aerostructure and industrial products operations for C$300 million ($295.32 million) in cash.

Precision Castparts, a supplier of metal parts for aircraft engines and power plant turbines, said the deal will strengthen its presence with key customers such as Lockheed Martin Corp and Bombardier Inc.