53.8 F
Laguna Hills
Tuesday, Mar 19, 2024
-Advertisement-

Aerospace Company Sale Concluded

Portland, Ore.-based Precision Castparts Corp. has wrapped up its $110 million buy of Shur-Lok Group, an Irvine maker of aerospace fasteners, the companies said Friday.

A family business founded some 55 years ago, Shur-Lok now is part of Precision Castparts’ fastener business. Shur-Lok’s Irvine and European operations employ 270 people.

The buy is the second in Orange County in the past year for Precision Castparts. In early 2005, the company paid $194 million to buy Garden Grove’s Air Industries Corp.

Frederick W. Rohe, who died in 1998, started Shur-Lok in the early 1950s in Los Angeles. He later moved the operation to Irvine. His son, Robert W. Rohe, ran the company up until the sale to Precision.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-