For Immediate Release:
January 5, 2015
For more information:
Vice President – Sales & Marketing
Newington, Connecticut: PCX Aerostructures, LLC, is pleased to announce the acquisition of Cam-Tech Manufacturing, LP on December 23, 2014. Based in Mansfield, Texas, Cam-Tech will operate as a wholly owned subsidiary of PCX. Roger Hagger, Cam-Tech’s Vice President, will continue in this role in partnership with Alan Haase, President & CEO of PCX.
With headquarters in Newington, CT, PCX Aerostructures is a world class supplier of highly engineered, precision, flight critical and structural components for rotorcraft and fixed wing aerospace platforms serving both the defense and commercial markets and the power generation industry. The company focuses on producing complex parts machined from hard alloys where tight tolerances and quality are imperative. PCX has manufacturing facilities in Newington, CT, Mansfield, TX, Ronkonkoma, NY and Farmingdale, NY.
Cam-Tech is a premier manufacturer of large structural assemblies for aerospace platforms serving the commercial and military markets, producing flight critical structural parts which are precision machined from both aluminum and hard alloys. This integrated assembly capability allows Cam-Tech to offer complete structural airframe assemblies ready for delivery direct to tier 1 or OEM integration centers.
Haase said, “Cam-Tech’s capabilities with gantry CNC machining, integrated assembly skills, and creative engineering is an excellent complement to existing PCX Aerostructures precision machining and design expertise. This acquisition allows us to build upon both PCX’s, as well as Cam-Tech’s longstanding reputation for producing high precision, flight critical, quality parts and assemblies for commercial and military aerospace as well as power generation industries.”
Hagger commented, “We are very excited about joining the PCX family. Together with PCX we will expand and upgrade our operations and facility, allowing us to grow in lock step with our customers’ needs. Our PCX partnership will allow us to provide our customers with a broader range of complex machining capabilities while maintaining our high standard of quality and quick turnaround times.”
First National Bank of Pennsylvania, the PrivateBank, and First Niagara Bank provided the senior debt financing.
Finn Dixon & Herling LLP provided legal counsel to PCX.