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|Triumph Group Announces Acquisition of B & R Machine and Tool|
|WAYNE, Pa., Feb 27, 2008 (BUSINESS WIRE) -- Triumph Group, Inc. (NYSE:TGI) today announced the acquisition of
the assets of B & R Machine and Tool Corp., a manufacturer of aircraft
structural components and dynamic parts and assemblies for commercial
and military aerospace programs. The acquired business, which will
operate as Triumph Structures-Long Island, LLC and be part of Triumph
Aerospace Systems Group, is expected to add approximately $45 million
of revenue for fiscal year 2009 and will be immediately accretive to
B & R Machine and Tool is located in Westbury, New York and employs approximately 100 people. The company manufactures metal structural and non-structural components, equipment, parts, assemblies and tool components primarily for major aviation and aerospace clients and specializes in state-of-the-art, high speed machining and in-house processing.
Richard C. Ill, Triumph's President and Chief Executive Officer, said, "This acquisition will enhance our capabilities within our Aerospace Systems Group to provide high speed machining processes to our major airframe customers. We are pleased that the management team, led by Leonard Gross, will remain with Triumph to provide opportunities to deliver value to our customers and shareholders through enhanced performance and revenue growth."
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 original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
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, including statements of expected revenues, revenue growth and accretion. 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 year ended March 31, 2007.
SOURCE: Triumph Group, Inc.
Triumph Group, Inc.