BERWYN, Pa.--(BUSINESS WIRE)--
Triumph Group, Inc.(NYSE:TGI) and All Metals Processing of
Orange County (“All Metals Processing”) announced today the sale of
Triumph Processing – Embee Division, Inc. to All Metals Processing. The
transaction was effective September 14, 2017. The Embee Division
generated revenues of approximately $42 million in Triumph Group’s
fiscal year ended March 31, 2017. The new company will operate as Embee
Processing.
Embee Processing is one of the nation’s leading aerospace metal
finishing companies providing a broad menu of non-destructive testing
and specialty coating services. The company provides more than 70 metal
finishing, inspection and testing processes, including chrome, nickel
and cadmium plating, high-velocity oxy-fuel (HVOF), IVD/Vac Cad,
anodize/hard anodize, and paint and grinding services. The business is
located in Santa Ana, California, and provides services to a variety of
aerospace and defense customers across the United States.
“With the sale of Embee to All Metals Processing, Triumph continues to
execute on its transformation plan, divesting non-core businesses to
enable debt reduction and reinvestment in new areas of opportunity,”
said Triumph Group President and CEO Dan Crowley. “Embee is an excellent
fit with All Metals, and we are confident that the synergies between the
two companies will benefit them both in the long run.”
“The team at Embee Processing is committed to quality service, and our
goal is to continue to be a valuable and reliable partner to the
aerospace and defense supply chain,” said Michael Coburn, CEO of All
Metals. He added, “Embee Processing’s current management, technical and
supporting staff will continue operations at its current facilities.”
All Metal Processing is owned by Watson Family Investments, LLC. The
Watsons have a long history of owning and operating manufacturing and
service businesses. Noel Watson spent much of his career as the CEO of
Jacobs Engineering, now one of the largest engineering services firms in
the world.
Seale & Associates acted as exclusive financial advisor to Triumph on
the transaction. AeroAdvisory acted as exclusive financial advisor to
All Metals on the transaction.
About Triumph Group:
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aircraft structures, 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 Group can be found on the company’s
website at http://www.triumphgroup.com.
About All Metals Processing:
All Metals Processing of Orange County, located in Stanton, California,
provides non-destructive testing, anodizing, plating, paint and
coatings, and additional metal finishing services to the aerospace and
defense sectors.
More information about All Metals Processing of Orange County can be
found on the company’s website at http://www.allmetalsprocessing.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170918005208/en/
All Metals Processing
Michael Coburn, 714-828-8238
Chief
Executive Officer
[email protected]
or
Triumph
Group
Media Contact:
Michele Long, 610-251-1000
[email protected]
or
Investor
Relations Contact:
Sheila G. Spagnolo, 610-251-1000
[email protected]
Source: Triumph Group, Inc. and All Metals Processing of Orange County