HBD Industries Acquires True Position Technologies
HBD Industries of Dublin, Ohio, parent company of California Drop Forge and Precision Metal Products, announced the expansion of its Precision Components Group through the acquisition of True Position Technologies LLC of Valencia, Calif. True Position provides complex machined components for flight control applications and specializes in the manufacture of high-specification components that require multiple machining, testing and finishing processes within extremely tight tolerances.
“Adding True Position’s design and machining expertise to our existing forging capabilities provides our combined customers with a comprehensive solution for engine, aero-structure and flight-critical components,” said Tom Pozda, president and CEO of HBD Industries.
Allen Sumian, True Position president, will continue to lead the company and has been appointed president of HBD’s Precision Components Group, which includes California Drop Forge (Los Angeles, Calif.) and Precision Metal Products (El Cajon, Calif.). Both companies provide high-alloy near-net-forge components for the aerospace, defense and medical industries.