What Happened
Major Acquisition Expands Mission-Critical Castings Capacity
GE Aerospace has signed a definitive agreement to acquire Consolidated Precision Products (CPP), a leading manufacturer of highly engineered castings, for $11.75 billion. The acquisition is expected to expand GE Aerospace’s mission-critical castings capacity and be accretive to its adjusted EPS and free cash flow. The deal values CPP at approximately 18x 2027 EBITDA, including expected net synergies. This acquisition was reported by Unknown Source.