Berkshire Hathaway Reported To Engage In Its Biggest Deal Ever For Precision Castparts

Mid-day Saturday Dow Jones reported Berkshire Hathaway is nearing a deal for Precision Castparts PCP. The deal could be valued at $30 billion and may be announced this coming week. Mergent Online says Precision Castparts "is a manufacturer of metal components and products, provides investment castings, forgings, fasteners/fastener systems and aerostructures for aerospace and power applications". Essential the company manufactures aircraft compents and various equipment used for energy production.

The reported deal follows one made last month by Precision in which the company purchased Noranco Inc from MidOcean for $560 million. The Noranco deal will help to strengthen Precision's position in the aerospace market as Naranco supplies premium compents, both machined and fabricated, for airplane engines and landing gear.

Berkshire's reported $30 billion deal for Precision Castparts comes in a year loaded with M&A and could potentially be the largest in Berkshire's history and the largest this year.