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	<title>Stock Blog Hub &#187; HAYN</title>
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		<title>(PCP) Precision Castparts Corporation Closes Deals</title>
		<link>http://www.stockbloghub.com/2009/10/07/pcp-precision-castparts-corporation-closes-deals/17100</link>
		<comments>http://www.stockbloghub.com/2009/10/07/pcp-precision-castparts-corporation-closes-deals/17100#comments</comments>
		<pubDate>Wed, 07 Oct 2009 19:30:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Metal Fabrication]]></category>
		<category><![CDATA[AA]]></category>
		<category><![CDATA[Alcoa]]></category>
		<category><![CDATA[Allegheny Technologies Inc]]></category>
		<category><![CDATA[ATI]]></category>
		<category><![CDATA[Carpenter Technology Corporation]]></category>
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		<category><![CDATA[HAYN]]></category>
		<category><![CDATA[Haynes International Inc.]]></category>
		<category><![CDATA[Ladish Company Inc]]></category>
		<category><![CDATA[LDSH]]></category>
		<category><![CDATA[PCP]]></category>
		<category><![CDATA[Precision Castparts Corporation]]></category>

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		<description><![CDATA[Recently, Precision Castparts Corp. (PCP), a diversified manufacturer of complex metal components and products, has completed its acquisition of Carlton Forge Works in Paramount, California. Carlton is a leading manufacturer of seamless rolled rings of nickel, titanium and steel for utilization primarily in aircraft engine (80%) and gas turbine (20%) applications. Precision Castparts has also acquired Arcturus Manufacturing Corporation, a hammer forging operation in Oxnard, California. Precision acquired both Carlton and Arcturus for $850 million. The acquisitions are all-cash deals and are financed primarily through current cash balances and small levels of debt. The transactions will be included in Precision’s Forged Products segment, which accounted for about 42% of the company’s sales in the last quarter of fiscal 2009. Precision generated about 24% of its margins from this segment. Management ]]></description>
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