GE Aerospace has announced an agreement to acquire Consolidated Precision Products (CPP), a leading manufacturer of highly engineered castings, from private investment firms Warburg Pincus and Berkshire Partners in a transaction valued at $11.75 billion. The acquisition is expected to strengthen GE Aerospace’s manufacturing capabilities and expand its access to critical casting capacity as demand continues to grow across commercial aircraft engines, aftermarket services and defence programmes. The transaction is expected to close in the second half of 2027, subject to regulatory approvals and customary closing conditions.
CPP, headquartered in Cleveland, Ohio, manufactures highly engineered castings and sub-assemblies primarily for commercial aerospace and defence markets. Founded in 1991, the company is among the world’s largest producers of investment and precision sand castings. Its products include complex superalloy, titanium, aluminium, magnesium and steel castings used in commercial and military aircraft, weapon systems, business and regional jets, helicopters and industrial gas turbines. CPP employs approximately 6,600 people across more than 20 facilities globally. GE Aerospace has been a customer of CPP for more than 15 years.
H Lawrence Culp, Jr, Chairman and CEO of GE Aerospace, said the acquisition would help the company address increasing demand across its core markets while strengthening its manufacturing base. “Investing in mission-critical casting capacity is needed to support the strong simultaneous demand across commercial engines, aftermarket and defense,” Mr Culp said. “By combining GE Aerospace’s technology capabilities and FLIGHT DECK with CPP’s manufacturing experience, we expect to expand capacity, improve performance and accelerate new engine technologies for the current fleet and next-generation platforms.”
GE Aerospace plans to use its FLIGHT DECK operating model to support process improvements, strengthen quality and increase manufacturing output. The company also expects closer integration between design and manufacturing to help accelerate the development and introduction of new engine technologies. The acquisition is also expected to support manufacturing readiness for enhanced airfoil technologies and improve the company’s ability to meet production requirements across existing and future engine programmes.
CPP CEO James Stewart said the agreement builds on a long-standing relationship between the two companies.
“GE Aerospace has been a great partner to CPP for many years, and we are excited to further strengthen this long-standing relationship,” Mr Stewart said. “Together, we look forward to delivering meaningful value and advancing the success of both organizations.”
Under the proposed transaction, the $11.75 billion purchase price will be financed through $7 billion in cash, with the remaining amount funded through new debt. GE Aerospace said the acquisition is expected to be accretive to adjusted earnings per share and free cash flow in the first year after closing. The company also said there would be no change to its capital allocation plans.
GE Aerospace is a global leader in aircraft propulsion, services, and integrated systems, supporting an installed base of around 50,000 commercial and 30,000 military aircraft engines worldwide. Backed by a workforce of approximately 57,000 employees and more than a century of technological advancement and industry experience, the company continues to drive progress in aviation. Its focus remains on shaping the next generation of flight, enhancing connectivity, and ensuring safe and reliable journeys for passengers and crews across the globe.
