Precision Castparts Corp. agreed to acquire RathGibson, which manufactures
precision thin-wall, nickel-alloy and stainless steel welded and seamless
tubing, with broad capabilities in length, wall thickness and diameter.
RathGibson's products are used in a multitude of oil & gas,
chemical/petrochemical processing and power-generation applications. The company
operates three facilities in Janesville, Wis.; North Branch, N.J.; and
Clarksville, Ark. RathGibson's tubing complements Precision Castparts' current
products, which serve the high-end requirements of the oil & gas market with
corrosion-resistant alloys. The transaction is expected to be completed during
the first quarter of fiscal 2013.
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