GE Aerospace to Acquire Consolidated Precision Products for $11.75 Billion
News related to:GE Aerospace · 2 min read
CINCINNATI, Sept. 08, 2026 /CourierPR/ -- GE Aerospace has agreed to acquire Consolidated Precision Products (CPP), a leading manufacturer of highly engineered castings, for $11.75 billion. The deal, expected to be completed in the second half of 2027, is aimed at bolstering GE Aerospace’s capacity to meet strong demand across commercial engines, aftermarket services, and defense markets.
CPP, headquartered in Cleveland, Ohio, has been a key supplier to GE Aerospace for over fifteen years. Founded in 1991, the company is one of the world's largest producers of investment and precision sand castings, serving the commercial aerospace and defense sectors. With a workforce of approximately 6,600 employees spread across more than 20 facilities, CPP is known for its expertise in producing complex super alloy, titanium, aluminum, magnesium, and steel castings for a variety of aircraft, weapon systems, and industrial gas turbines.
GE Aerospace Chairman and CEO, H. Lawrence Culp, Jr., stated, “Investing in mission-critical casting capacity is essential to support the robust demand across commercial engines, aftermarket and defense. By combining GE Aerospace’s technology capabilities and FLIGHT DECK with CPP’s manufacturing experience, we aim to expand capacity, improve performance, and accelerate the development of new engine technologies for both current and next-generation platforms.”
The transaction is expected to be accretive to GE Aerospace’s adjusted earnings per share (EPS) and free cash flow in the first year. It is anticipated to deliver significant value to both customers and shareholders. According to Culp, “We will leverage FLIGHT DECK to drive process and quality improvements, supporting higher output and accelerating the deployment of advanced airfoil technology for more reliable operations.”
CPP CEO, James Stewart, expressed enthusiasm about the partnership, saying, “GE Aerospace has been a great partner to CPP for many years, and we are excited to further strengthen this long-standing relationship. As we advance our position as an industry leader in castings, GE Aerospace has shown strong enthusiasm for supporting our continued growth and expanded vision.”
The acquisition will be financed with $7 billion in cash, with the remainder to be sourced from new debt. Both companies are committed to a disciplined, well-planned integration process. The transaction is subject to regulatory approvals and other customary closing conditions.
Warburg Pincus Managing Director, Dan Zamlong, commented, “We are incredibly proud of the platform we have built in partnership with Berkshire Partners and CPP’s talented management team. CPP has been transformed into a leading precision casting company, with significant investments in operations, technology, quality systems, and talent. We are excited for the company’s continued success as part of GE Aerospace.”
Berkshire Partners Managing Director, Blake Gottesman, added, “Berkshire Partners is grateful to have partnered with CPP’s management team during a critical chapter of the company’s growth. Together, we have strengthened CPP’s leadership in the castings industry and are excited for its continued success as part of GE Aerospace.”
This strategic move by GE Aerospace is expected to enhance its competitive position in the aerospace and defense sectors, ensuring it can meet the growing demand for advanced engine technologies and components.