BERWYN, Pa.--(BUSINESS WIRE)--Dec. 19, 2012--
Triumph Group, Inc. (NYSE:TGI) today announced the acquisition of
Embee Incorporated, a leading commercial metal finishing provider
offering more than seventy metal finishing, inspecting and testing
processes primarily for the aerospace industry. The acquired business,
which will operate as Triumph Processing - Embee Division, Inc. and be
included in the Aerospace Systems Group, is expected to add
approximately $50.0 million of annual revenue and to be immediately
accretive to earnings.
Located in Santa Ana, California, Embee employs approximately 400
people. The company’s key offerings include high velocity oxy fuel
(HVOF), anodize/hard anodize, paint, chrome plating, shot peen and
cadmium plating. Embee holds multiple AS 9100 and NADCAP certifications
as well as OEM approvals from the industry’s prime commercial and
military contractors. The company also serves the specialty automotive,
medical device and electronic industries.
Jeffry D. Frisby, Triumph’s President and Chief Executive Officer, said,
“We view the Embee acquisition as an unique opportunity to expand our
current capabilities and to provide comprehensive processing services on
precision engineered parts for hydraulics, landing gear, spare parts and
electronic actuation systems. We believe this addition is an excellent
strategic fit within our Aerospace Systems Group and will position us
well for future growth.”
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aerostructures, aircraft components, accessories, subassemblies and
systems. 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 company’s website 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, including statements of expected revenues or accretion
to earnings. Further information regarding the important factors that
could cause actual results to differ from projected results can be found
in Triumph Group’s reports filed with the SEC, including our Annual
Report on Form 10-K for the fiscal year ended March 31, 2012.
Source: Triumph Group, Inc.
Triumph Group, Inc.