Hosco Acquires Aerospace Components Manufacturer
WIXOM, MI — Hosco Holdings, a finishing system components and engineered solutions manufacturer, announced that it purchased Classic Precision Inc. (CPI), Wixom, MI, a manufacturer of highly-engineered aerospace fuel delivery and combustion components for turbine engines.
The announcement was made jointly by Tom Murray, president and CEO of Hosco Holdings and Ed Kruske, owner of CPI. As part of the agreement, Kruske will stay on in a managerial capacity for CPI. Terms of the agreement were not announced.
The acquisition will allow Hosco to marry its expertise in traditional fluid handling systems with CPI’s experience in aerospace fuel delivery components, and open new markets for both companies. This acquisition by Hosco is part of its ongoing plan for growth in providing engineered solutions and components used in paint, coating, fuel delivery, and fluid handling systems.
Murray said, “The acquisition of CPI will allow us to extend our reach into the aerospace market and enhance our product line beyond our current capability. CPI has an exemplary reputation with its customers, a highly skilled staff, leading edge manufacturing technologies, and is known for precision machining of fluid delivery components to AS9100 certified specifications. Their core capabilities will truly augment Hosco’s ability to deliver best in class solutions.”
Kruske added, “Hosco is a well-respected and recognized name in finishing systems and finishing components. We’re very pleased to find a great strategic partner that will continue and expand the tradition of excellence in machining that CPI has brought to its customers”.
For more information, visit www.hosco.net.