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Precision Castparts Corp Announces Acquisition Of Texas Honing, Inc.


Sunday, 7 Oct 2012 08:00pm EDT 

Precision Castparts Corp announced that it has agreed to acquire Texas Honing, Inc. THI provides precision, tight tolerance pipe processing services, including honing, boring, straightening, and turning. The Company's products are used in oil & gas drilling, completion, and production applications, as well as other commercial markets. The transaction is expected to be completed during the third quarter of fiscal 2013, after which its results will be reported as part of the Forged Products segment. The financial terms of the transaction were not disclosed. 

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