SPS Selling Ceramic Core Business to Precision Castparts
December 19
00:00
2001
SPS Selling Ceramic Core Business to Precision Castparts
John Wolz
SPS Sells Ceramic Core Business to Precision Castparts � SPS Technologies Inc. announced it has agreed to sell its outstanding shares to Lake Erie Design Co. Inc. to Precision Castparts Corp. Closing is scheduled for December 31, 2001.
Wickliffe, OH-based LED manufactures high precision ceramic cores for the investment casting industry.
Portland, OR-based Precision Castparts is the parent company of the fastener-related companies Reed-Rico, Astro Punch, Fastener Engineers Group Inc. and Lewis Machine.
Jenkintown, PA-based SPS manufactures high-strength fastening and assembly systems, superalloys and magnetic materials. �2001 FastenerNews.com
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