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Clayton, Dubilier & Rice and Greenbriar Equity agreed to acquire Paradigm Precision from Carlyle and also acquire Whitcraft Group, with plans to combine the two companies into a scaled manufacturer of aviation engine components.
“The combination of Paradigm and Whitcraft will create a scaled and diversified manufacturer of complex, high-tolerance components for commercial and military aviation engines.”privateequityinternational.com
Summarized from public sources; check the original articles before acting on it.