Thiokol and its joint venture partner, Carlyle Group, have completed a $750 million acquisition of two companies owned by parent company Pechiney International, a multinational French firm.
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Thiokol and Carlyle Group purchased Howmet Corp., the world's largest manufacturer of investment cast components for gas turbine engines, and Cercast Group, a major producer of aluminum alloy investment casings.Howmet and Cercast will continue to operate with their current managers at 30 facilities in North America, Europe and Asia.