Key Takeaways
- • Warburg Pincus and Berkshire Partners have agreed to sell Consolidated Precision Products (CPP) to GE Aerospace in a transaction valued at $11.75bn, according to PE Hub.
- • CPP is a Cleveland, Ohio-based castings manufacturer with about 6,600 employees across more than 20 facilities.
- • CPP has supplied GE Aerospace for more than 15 years, making the buyer an established customer.
Summary
CPP is headquartered in Cleveland, Ohio, and operates more than 20 facilities with about 6,600 employees. The company has been a supplier to GE Aerospace for more than 15 years, a relationship the buyer's acquisition would bring in-house. The source article is a brief and does not disclose further transaction terms, financing structure, or expected closing timing.
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