Warren Buffett, through his firm Berkshire Hathaway, has purchased Precision Castparts for $37.2bn – one of the company's most expensive acquisitions to date.
Warren Buffet is reportedly looking to capitalise on the boom in the aerospace industry from increased world travel. Precision Castparts supplies components such as turbine blades for jet engines and fasteners for airplanes, with two-thirds of its revenue coming from the aerospace industry. Precision Castparts is the major producer of castings for aircraft engines, industrial gas turbines,…
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