ESCO Corporation Completes Sale of Turbine Technologies Group

PORTLAND, Ore.--(BUSINESS WIRE)--ESCO Corporation, a leading global provider of wear parts and complementary services for the mining, oil & gas, and infrastructure industries, announced today that it has successfully closed on its previously announced definitive agreement to sell Turbine Technologies Group to Consolidated Precision Products Corp. (CPP). Terms of the transaction were not disclosed.

CPP is a manufacturer of highly-engineered components and sub-assemblies that supplies the commercial aerospace, military and industrial markets.

About ESCO Corporation

Headquartered in Portland, Oregon, ESCO Corporation is a leading independent designer, manufacturer and provider of highly engineered wear parts and complementary services used in mining, oil & gas, infrastructure development, and industrial applications. The company operates in 28 countries on six continents, including an expansive network of 27 manufacturing facilities and more than 50 sales and distribution offices.

About Consolidated Precision Products Corp.

Consolidated Precision Products Corp. ("CPP"), headquartered in Pomona, California, is a leading manufacturer of highly-engineered components and sub-assemblies for the commercial aerospace and defense markets. Founded in 1991, CPP is one of the world's largest investment and precision sand casting companies, producing complex super alloy, aluminum, magnesium and steel components for a wide variety of leading commercial and military aircraft, weapon systems, regional/business jets and helicopters.