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
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
SOURCE: Triumph Group, Inc.