Cleary Gottlieb is representing Consolidated Precision Products Corp. (CPP), a portfolio company of Warburg Pincus, in its acquisition of Selmet Inc., a portfolio company of Blue Point Capital Partners.
The transaction signed on June 29, 2018.
Based in Albany, Oregon, Selmet is a leading manufacturer of titanium castings and machined complete parts for mission-critical aerospace and defense applications.
CPP is a Cleveland, Ohio-based leading manufacturer of highly engineered components and subassemblies primarily for the commercial aerospace and defense markets. The company specializes in producing complex, mission-critical components for a variety of leading commercial and military aircraft and regional/business jets, as well as industrial gas turbines. CPP has long-standing relationships with a wide range of global, blue chip customers including General Electric, Honeywell, Pratt and Whitney, and Lockheed Martin on platforms such as the Boeing 737, 777, and 787, Airbus A320, A340, and A380 and the F-35 Joint Strike Fighter.