Triumph Group Inc. (TGI) Monday announced the acquisition of Primus Composites from Precision Castparts Corp. The business is expected to add about $55.0 million in annual revenue and to be immediately accretive to earnings.
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.
Employing about 650 employees, Primus Composites is a supplier of composite and metallic propulsion and structural composite components and assemblies. In addition to its composite operations, the Thailand operation also machines and processes metal components. Key customers include Airbus, Rolls Royce, Aircelle and Bombardier.
Triumph Group Inc., headquartered in Berwyn, Pennsylvania manufactures a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems.
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