Code Alerts! Sign-up to receive email alerts on important electric code changes.

HBD Industries, Inc. has acquired the business and assets of Precision Metal Products, Inc. (PMP) to expand its closed die forgings. PMP, a leading provider of net and near-net shape forgings from high-performance materials, engages in the engineering, production, and marketing of close tolerance forged and precision-machined components for various load-bearing and fatigue-resisting applications in select, high-growth markets, including aerospace and defense contractors, as well as orthopedic devices.

In combination with California Drop Forge, HBD now offers a wide range of sizes, shapes, forging technologies, machining, pre- and post-forging operations, and services for titanium, cobalt-chrome-molybdenum, stainless steel, waspalloy, inconel, and other exotic metals.

James Matarese, PMP chairman and chief executive officer, said, “I am proud to have led PMP’s growth and success for the last 39 years, and equally proud of our employees’ focus and continual ability to create and deliver high-quality components and value for our customers. I am equally excited about PMP’s continued future success as part of the HBD family. HBD is an ideal strategic acquirer to continue the growth and development of PMP.”

Randy Greely, HBD chairman and chief executive officer, said, “We are very excited to add PMP to HBD’s family. The company’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. HBD’s newly expanded closed die forgings group offers customers a dynamic suite of enhanced capabilities, products and services.”