Feb 29 2008
Triumph Group, Inc. 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 earnings.
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.”