CPP Acquires Selmet to Expand Titanium Casting Capabilities
Consolidated Precision Products Corporation (CPP), a manufacturer of highly engineered components and sub-assemblies, announced July 4 that it acquired Selmet, a manufacturer of titanium castings and machined components. Both companies service the aerospace and defense industries.
The acquisition of Selmet will expand CPP’s offerings to include titanium castings, allowing the company to provide more comprehensive casting capabilities. CPP’s new titanium casting offering will allow the company to “meet the strong demand from customers seeking advanced titanium content for next-generation platforms,” CPP Executive Officer James Stewart said in the announcement.
Selmet’s current management team will remain upon closing of the transaction. Financial terms of the transaction were not disclosed.