Equity firm completes purchase of Pomona manufacturer

Warburg Pincus, a private equity firm headquartered in New York City, has closed its acquisition of Pomona-based Consolidated Precision Products Corp.

Terms of the deal, first announced in September, were not disclosed.

Consolidated Precision Products produces components for customers in the aerospace and defense industries.

Warburg Pincus purchased the manufacturer from Arlington Capital Partners, a Washington, D.C.-basee invesment firm.

Manufacturer moving to San Bernardino

Hyden Industrial Products, a manufacturer of heat exchangers employed to cool equipment used in the power generation, construction, fluid power and agriculture industries, will move from Corona to San Bernardino.

The San Bernardino Valley Enterprise Zone announced the move Wednesday. The Enterprise Zone is part of a state tax incentive program and its territory includes land in San Bernardino, Colton and nearby unincorporated areas.

Companies inside Enterprise Zones can receive tax credits for hiring new workers and other investments.

Hyden Industrial products has 66 employees and is moving to a 109,000-square-foot building at 1393 E. San Bernardino Ave. The move is expected to be completed by the end of fall.