Published June 14, 2021 by Thomas Loeillet
Consolidated Precision Products (CPP) streamlines its portfolio. Co-controlled since 2019 by Berkshire and Warburg Pincus, this American aerospace group is now selling its CPP France subsidiary to Aviagroup Industries, itself controlled by Quantum Capital Partners. The buyer, with € 105 million in 2019 turnover for more than 1,000 employees, is taking over a company that generated € 13 million in sales in 2019 for around one hundred employees. “CPP France has gotten through the crisis rather better than many aeronautics players, because it works mainly for the defense sector, which has been more resilient, on behalf of major clients such as Airbus or Safran,” indicates a connoisseur of the file. Aviagroup is strengthening its position in aluminum foundry parts with this new build-up, while it was already operating in the aluminum tubes market with its subsidiary Aviatube. It is also present in complex metal sub-assemblies, tailor-made thermal management or lost wax work with its other entities Secan, Indraero Siren and Lisi Aerospace Creuzet Maroc (the latter two being former Lisi subsidiaries acquired in mid-2019 ).
M&A Advisor: FDC (Philippe Doré, Florian Jover)