This Slide: #46 of 69 |
Slide #46. Triumph Group, Inc. — Primus Composites from Precision Castparts Corp.
Acquirer:
Triumph Group, Inc. (NYSE:TGI)
Acquiree:
Primus Composites from Precision Castparts Corp.
Details:
Triumph Group, Inc. (NYSE:TGI) today announced the acquisition of Primus Composites from Precision Castparts Corp. The acquired business, which consists of two manufacturing facilities in Farnborough, England and Rayong, Thailand, will operate as Triumph Structures-Farnborough and Triumph Structures-Thailand and be included in the Aerostructures Group. The business is expected to add approximately $55.0 million in annual revenue and to be immediately accretive to earnings.
Triumph Group designs, engineers, manufactures, repairs, and overhauls a portfolio of aerospace and defense systems, subsystems, components, and structures. Co. provides a variety of products and services to the aerospace industry through two operating segments: Triumph Systems and Support, whose companies design, develop, and support proprietary components, subsystems, and systems; produce assemblies using external designs, and provide solutions for commercial, regional, and military aircraft; and Triumph Interiors, whose companies supply commercial, and regional manufacturers with aircraft interior systems, including air ducting and thermal acoustic insulation systems.
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