Precision Castparts Corp. has agreed to acquire Hackney Ladish Inc., a leading producer of forged pipe fittings for critical energy infrastructure and related applications. Hackney Ladish’s products connect pipe, change the direction of flow, increase or reduce pipe sizes, join or separate flow, or cap pipe ends. Headquartered in Dallas with more than 80 years of experience, Hackney Ladish operates manufacturing facilities in Russellville, Ark., and Enid, Okla. The acquisition is expected to be completed in December.

“The acquisition of Hackney Ladish significantly broadens our role as a supplier of critical components to energy markets worldwide,” said Mark Donegan, Precision Castparts’ chairman and CEO. “ Going forward, we will look to leverage their products and capabilities with our Wyman Gordon and Special Metals pipe and tube operations into power generation, chemical/petrochemical and other applications.”

Precision Castparts is a manufacturer or complex metal components and products. It serves the aerospace, power-generation, automotive and other markets. Precision Castparts manufacturers large, complex structural investment castings, airfoil castings and forged components used in jet aircraft engines and industrial gas turbines.