Triumph Group Announces Acquisition
WAYNE, Pa.--(BUSINESS WIRE)--May 4, 2006--Triumph Group, Inc. (NYSE:TGI) announced today the acquisition of the assets of Air Excellence International, Inc. The acquired business, which will operate as Triumph Interiors and be part of Triumph Aftermarket Services Group, is expected to add approximately $13 million of revenue for fiscal 2007.
Air Excellence is an integrated provider of aircraft interior repair & refurbishment services and a manufacturer of FAA-PMA approved plastic and metal components for aircraft interiors. The company specializes in refurbishment of sidewalls, ceiling panels, overhead bins, lavatories and bin doors and manufactures over 2,000 FAA-PMA aircraft interior components, including window shades, windows framing, and lighting covers. They employ approximately 95 people and operate FAA/EASA approved repair stations in Pittsburgh, Dallas, Portland and Shannon, Ireland.
Richard C. Ill, Triumph's President and Chief Executive Officer, said, "As a leading provider of quality interior refurbishment, Triumph Interiors expands the products and services supplied by our Aftermarket Services Group and allows Triumph to provide integrated interior solutions to the airline industry and maintenance service providers. We are pleased that the company will continue to be led by Bob Williams and Dave Ogborne and view the acquisition as an excellent fit within our Aftermarket Services Group."
Triumph Group, Inc., headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls aircraft components and accessories. The company serves a broad, worldwide spectrum of the aviation industry, including commercial and regional airlines, air cargo carriers, as well as original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components.
More information about Triumph can be found on the Internet at http://www.triumphgroup.com.
Statements in this release which are not historical facts are forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties which could affect the company's actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in Triumph's reports filed with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2005.
CONTACT: Triumph Group, Inc. John Bartholdson, 610-251-1000 firstname.lastname@example.org SOURCE: Triumph Group, Inc.