Presto Casting Company was founded in 1965 by Mel Borovay, Jim Herman, and Earl Brocious. These three gentlemen originally met and worked together at another Phoenix based aerospace foundry.

Presto Casting Company was a US manufacturer of precision magnesium and aluminum castings for the aerospace industry. They pioneered the fast development of light metal precision cast aerospace components. Presto Casting Company eventually became a division of Haley Industries

Haley Industries

Haley Industries is a Canadian company which manufactures lightweight metal castings for use in aerospace applications. It was a prime contributor to the Avro Arrow aircraft project.-Origins:...

 in June 1984, and both are now divisions of Canada's Magellan Aerospace

Magellan Aerospace

Magellan Aerospace Corporation is a Canadian manufacturer of aerospace systems and components. Magellan also repairs and overhauls, tests, and provides aftermarket support services for engines, and engine structural components. The company's business units are divided into the product areas of...

Corporation.