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HBD Industries acquires Precision Metal Products.

HBD Industries, Inc. (HBD) of Dublin, OH has acquired El Cajon, CA-based Precision Medical Products, Inc. (PMP) in an effort to expand its closed die forgings offerings.

Terms of the purchase were not disclosed. Cronus Partners LLC of Norwalk, CT initiated the transaction and acted as the exclusive financial advisor to PMP.

With its acquisition of PMP, a provider of net and near-net shape forgings, HBD said it now offers a wide range of sizes, shapes, forging technologies, machining and pre- and post-forging operations and services for titanium,

cobalt-chrome-molybdenum, stainless steel, waspalloy, inconel and other exotic metals.

Randy Greely, HBD's chairman and CEO, said, "PMP's reputation, experience and resources, coupled with our existing array of specialized forging services and support, provide customers with an exceptional opportunity to drive down costs and improve value. With the addition of PMP, HBD's focus on providing high-quality, high-value industrial and specialty products continues to expand. We see significant growth potential within PMP and through its sister relationship with California Drop Forge."

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Title Annotation:INDUSTRY NEWS
Publication:Orthopedic Design & Technology
Article Type:Brief article
Date:Jul 1, 2007
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