Consolidated Precision Products Corp. (Cleveland), a manufacturer of components and sub-assemblies primarily for the commercial aerospace and defense markets, announced it has reached an agreement to acquire Selmet Inc. (Albany, Oregon).
Selmet is a manufacturer of titanium castings and machined components for the aerospace and defense industries. Founded in 1983, Selmet operates an investment casting foundry.
With the acquisition of Selmet, CPP will expand its offering to include titanium castings.