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About PCC Structurals, Inc.

Precision Castparts Corp. (PCC) is a maker of investment castings, and forged and airframe products that have applications in industries from aerospace and energy to machinery and medical implants. Products include metal components for aircraft engines, industrial gas turbines (IGT), medical implants, unmanned aerial vehicles (UAVs), and other industrial applications. The company also makes metal forgings including seamless pipe used in power plants, downhole casings and tubing pipe for oil and gas production, and aerospace and defense applications. PCC is also a leading manufacturer of fasteners and fastening systems used in the aerospace, construction, automotive, machinery, and energy industries. The aerospace sector accounts for most of PCC's sales. The company is a subsidiary of Berkshire Hathaway.

Change in Company Type

In 2016, Berkshire Hathaway acquired Precision Castparts Corp (PCC) for about $37.2 billion. Berkshire Hathaway and its subsidiaries own a vast and diverse number of business activities including insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. PCC is now a wholly-owned subsidiary of Berkshire.

Operations

PCC's operates through three segments: investments castings, forged products, and airframe products.

PCC's forged products segment uses ceramic molds to make metal components with complex shapes with close tolerances that are used in components for aircraft engines, industrial gas turbines (IGT), medical implants, and unmanned aerial vehicles (UAVs). The unit also makes high-temperature carbon and ceramic composite components used in next-generation aircraft. 

The forged products division manufactures seamless pipe used in nuclear, coal-fired, and industrial gas turbine power plants, and downhole casings and tubing pipe for severe service oil and gas applications. Other products include nickel-based alloys used to make parts used in the oil and gas, pollution control, and chemical processing industries. Titanium forgings find applications in aerospace, defense, power generation, and other industries. 

The Airframe Products segment primarily produces highly engineered fasteners, fastener systems, aerostructures, and precision components for critical applications in the aerospace, automotive, and industrial machinery markets. 

Geographic Reach

PCC operates more than 160 manufacturing plants across North America, South America, Europe, Asia, and Australia.

Sales and Marketing

PCC serves the aerospace, power, and general industrial markets. 

The company's sales typically come from purchase orders or demand schedules involving long-term agreements. Major customers have included Airbus, Boeing, GE, and Rolls-Royce.

Company Background

Oregon Saw Company was founded in 1949 and sold in 1953; its buyer wanted neither the future PCC nor a power tools unit, so the two became Omark Industries. In 1956 a buyer purchased the power tool business but wasn't interested in castings; that operation was spun off as Precision Castparts Corp.

In the early 1950s Oregon Saw developed a process for producing large parts by use of investment casting, making products that rivaled the strength of forged and machined parts at a fraction of the cost. After a two-year search, they landed their first aerospace customer -- Air Research Corp. 

PCC went public in 1968. In 1976 the company acquired Centaur Cast Alloys (small investment castings, UK) to make parts for the European aerospace industry. By that time General Electric (GE) and Pratt & Whitney accounted for most of PCC's business. 

To diversify, it added TRW's cast airfoils (used in aircraft engines and industrial gas turbines) division in 1986.

In 1997 PCC spent $437 million to acquire seven more companies that helped boost sales 75% from 1996 levels. The next year it purchased four metalworking companies that served industries other than aerospace. 

In January 2016, the company was acquired by Berkshire Hathaway in a mega-deal valued at $37 billion.

 

PCC Structurals, Inc.

4600 SE HARNEY DR
Portland, OR 97206-0825
Phone: 1 (503) 777-3881

Stats

Employer Type: Privately Owned
Structurals Division Vice President Strategic Sales: Jim Criswell
Manager Of It: Gerry Huck
Director Environmental Health Safety: Chris Myers
Employees (This Location): 2,000
Employees (All Locations): 3,000

Major Office Locations

Portland, OR

Other Locations

San Leandro, CA
Carson City, NV
Clackamas, OR
Milwaukie, OR
Portland, OR
Redmond, OR