On December 31, 2013, SOS Metals Group and Trans World Alloys, industry leaders in providing metal reclamation, metal distribution and supply chain solutions for customers in the aerospace and defense industry, were acquired by Precision Castparts Corp.
About SOS Metals Group
SOS Metals Group (“SOS”) is an industry leader in providing metal reclamation and supply chain solutions for customers in the aerospace and defense industry. SOS specializes in providing customized metal revert management programs for super alloys and aerospace grade nickel, titanium, stainless steel and aluminum for major aircraft engine manufacturers, leading airlines, aerospace OEMs and their first and second tier suppliers. With headquarters in Gardena, California, and Derby, England, SOS’s operations cover more than 450,000 square feet in 28 locations across 14 countries. The Company was founded in 1972 by brothers Donald and Sanford Shadrow.
About Trans World Alloys
Trans World Alloys (“TWA”) operates a distribution network that offers just-in-time supply of finished materials, including bars, plates, rods, tubes, forgings, billets, and sheets for the aerospace and defense industry. TWA sells aerospace grade prepared materials in the form of titanium, aluminum, stainless steel, inconel, nickel and other super alloys. TWA carries an extensive mil-spec inventory that is used in critical aerospace and military applications. It also offers resale consignment programs by which TWA holds and sells slow moving or obsolete material that has been provided by customers. Founded in 1986 by Donald Shadrow and Sanford Shadrow, TWA is based in Gardena, California.
About Precision Castparts Corp.
Precision Castparts Corp. (“PCC”) is a worldwide, diversified manufacturer of complex metal components and products, serving the aerospace, power, and general industrial markets. PCC is a market leader in manufacturing large, complex structural investment castings, airfoil castings, forged components, aerostructures and highly engineered, critical fasteners for aerospace applications. PCC was founded in 1949 and is based in Portland, Oregon.
Duff & Phelps Securities was engaged by the SOS Metals Group and Trans World Alloys to serve as their exclusive financial advisor in connection with the sale of the companies.