The story
Since its inception in 1929, Carlton Forge Works' business experienced expansion and contraction. The revenues of the company have gone up and down due to the cycle of the aerospace industry. In the past, there had been reported layoffs. Carlton is located in Paramount California and has two websites, carltonforgeworks.com as their primary website and pccforgedproducts.com/brands as part of parent company PCC.
In 2009, Precision Castparts Corporation (PCC) acquired Carlton Forge Works in a $850 million deal that broadened the company's forging operations. The transaction also includes another hammer forging operation in Oxnard, California, called Arcturus Manufacturing Corporation. The CEO of PCC Mark Donegan said that Carlton had been a target for acquisition for a long time because the company had been doing several big aerospace projects, including the Boeing 787 and Airbus aircraft. Furthermore, the acquisition enables PCC to provide a full range of products to current customers, and increases the forging capabilities.
From Wikipedia’s article on Carlton Forge Works, shared under CC BY-SA 4.0.3