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Precision Castparts

Founded Year



Acq - P2P | Acquired



About Precision Castparts

Precision Castparts Corp. (PCC) is a worldwide, diversified manufacturer of complex metal components and products. The company serves the aerospace, power, and general industrial markets. PCC is the market leader in manufacturing large, complex structural investment castings, airfoil castings, forged components, aerostructures and highly engineered, critical fasteners for aerospace applications. In addition, the Company is the leading producer of airfoil castings for the industrial gas turbine market. PCC manufactures extruded seamless pipe, fittings, forgings, and clad products for power generation and oil & gas applications; commercial and military airframe aerostructures; and metal alloys and other materials to the casting and forging industries.

Headquarters Location

4650 SW Macadam Avenue Suite 400

Portland, Oregon, 97239-4254,

United States


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Research containing Precision Castparts

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CB Insights Intelligence Analysts have mentioned Precision Castparts in 1 CB Insights research brief, most recently on Mar 10, 2021.

Precision Castparts Patents

Precision Castparts has filed 1 patent.

patents chart

Application Date

Grant Date


Related Topics




Metalworking, Casting (manufacturing), Injection molding, Plastics industry, Electronics manufacturing


Application Date


Grant Date



Related Topics

Metalworking, Casting (manufacturing), Injection molding, Plastics industry, Electronics manufacturing



Latest Precision Castparts News

Berkshire Hathaway Sues Law Firm It Says Aided $756 Million M&A Fraud

Oct 15, 2020

A unit of Warren Buffett’s Berkshire Hathaway Inc. claims a top international law firm helped German piping component maker Wilhelm Schulz GmbH fraudulently conceal its disastrous finances before its 2017 acquisition by the U.S. company. Berkshire unit Precision Castparts Corp. sued 2,500-lawyer Jones Day, which represented Schulz in the $940 million acquisition, in a state court in Houston, alleging the firm played a “substantial role in aiding and abetting” a scheme to mislead Precision into signing a deal worth a fraction of the purchase price. The suit is an attempt to put Jones Day on the hook in case Schulz is unable to pay all or part of a $755.5 million arbitration award Precision won in April. Schulz is currently in “preliminary insolvency proceedings” and the subject of a criminal investigation in Germany, Precision claimed in its Sept. 24 complaint. Dave Petrou, a Jones Day spokesman, declined to comment on the allegations. The firm is one of the largest in the world, with 43 offices around the world. It has represented President Donald Trump’s campaign, and his former White House Counsel Donald McGahn is a partner there. According to the suit, Jones Day conspired with Schulz to create a misleading picture of the German company’s value. Toward that end, the firm’s lawyers drafted documents including a securities purchase agreement and disclosure statements they knew were false, Precision claims. Bleaker Projections Schulz also failed to disclose documents, including a restructuring analysis performed by KPMG LLP in the fall of 2016 containing financial projections for several of the German company’s operating subsidiaries that were much bleaker than the ones provided to Precision. “Precision was led to believe that the companies it was acquiring were successful, financially strong and on track to meet their projections,” the company said in its complaint. Instead, the Schulz subsidiaries “were in dire financial straits, had retained insolvency advisors and could not satisfy their considerable debt obligations.” About half of Precision’s allegations against Jones Day were redacted from the publicly available version of the lawsuit based on the law firm’s claims that they could reveal privileged attorney-client communications. Precision argues the privilege shouldn’t apply because the information was used to further Schulz’s fraud and because the German company and its lawyers at Jones Day waived any privilege by turning over documents to Precision. Buffett, 90, bought Precision for $37 billion in 2016. The Portland, Oregon-based company makes metal industrial components for jet engines and power plants, as well as pipes for the oil and gas industry. The case is Precision Castparts Corp. v. Jones Day, 2020-59685, Texas District Court, Harris Co. (Houston). Top photo: Attendees pass the Precision Castparts Corp. booth during the Berkshire Hathaway Inc. annual shareholders meeting in Omaha, Nebraska in 2016. Photographer: Daniel Acker/Bloomberg Copyright 2020 Bloomberg.

Precision Castparts Frequently Asked Questions (FAQ)

  • When was Precision Castparts founded?

    Precision Castparts was founded in 1953.

  • Where is Precision Castparts's headquarters?

    Precision Castparts's headquarters is located at 4650 SW Macadam Avenue, Portland.

  • What is Precision Castparts's latest funding round?

    Precision Castparts's latest funding round is Acq - P2P.

  • Who are the investors of Precision Castparts?

    Investors of Precision Castparts include Berkshire Hathaway.

  • Who are Precision Castparts's competitors?

    Competitors of Precision Castparts include Enduralock.

Compare Precision Castparts to Competitors


LISI AEROSPACE is a tech fasteners and structural components designing and manufacturing company. It is a worldwide manufacturing specialist for assembly solutions as well as engine and structural components used for aircrafts. It is based in Paris, France.

Howmet Fastening Systems

Howmet Fastening Systems produces and distributes fastening solutions. It offers self-locking nuts, quick-release fasteners, draw latches, lock bolts, and structural blind fasteners. It provides solutions for industrial gas turbines, commercial and military aircraft, automobiles, commercial transportation vehicles, wind turbines, and more. It was founded in 1977 and is based in Pittsburgh, Pennsylvania.

Enduralock Logo

Enduralock is a Lenexa, Kansas-based fabricator of vibration resistant technology in the fastener industry.

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