Cleveland aerospace parts manufacturer Consolidated Precision Products Corp. could be sold by New York-based buyout firm Warburg Pincus for as much as $2 billion, according to a report by Bloomberg.
- Consolidated is said to be working with an adviser to examine strategic options, including a possible sale in the second half of the year, according to a report by Bloomberg.
- Warburg bought Consolidated in 2011 from peer Arlington Capital Partners and has since supported the company with multiple acquisitions, the Bloomberg report said.
- Neither Consolidated nor Warburg provided comment for the article.
The full Bloomberg article can be read here.
