United States · Business news · Corporate · 08 Sept 2026
US Industrials
GE Aerospace signed an agreement to acquire Consolidated Precision Products, a maker of engineered castings for commercial aerospace and defence, from the private investment firms Warburg Pincus and Berkshire Partners for $11.75 billion. It plans to pay $7 billion in cash and fund the rest with new debt. CPP is based in Cleveland, Ohio, and has about 6,600 employees at more than 20 facilities. Closing is planned for the second half of 2027, subject to regulatory approval.
Castings are one of the tightest points in the jet-engine supply chain, and GE's chief executive tied the purchase to simultaneous demand from new commercial engines, the aftermarket and defence. Bringing a major supplier in-house affects other engine and airframe makers that buy from CPP or compete for the same foundry capacity, and the remaining independent casting and forging companies, whose capacity becomes scarcer. Regulators will look at whether rivals keep access to CPP's output.
Reported by GE Aerospace — “GE Aerospace to Acquire Consolidated Precision Products (CPP), Expanding Mission-Critical Castings Capacity” ↗ on 08 Sept 2026.
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