BERWYN, Pa., 5 Oct. 2013. Triumph Group Inc. (NYSE:TGI) completed its acquisition of General Donlee Canada Inc., a manufacturer of flight-critical, complex machined components. The new acquisition will operate as Triumph Gear Systems-Toronto and become part of the company’s Aerospace Systems Group.
The business is expected to add approximately $60 million in annual revenue and to be immediately accretive to earnings.
General Donlee in Toronto, Canada, has approximately 200 employees and is a manufacturer of precision-machined products for the aerospace, nuclear, and oil and gas industries. The company’s primary product lines include: engine shafts, thrust links, rotorcraft masts, and landing gear. Key customers include GE Aviation and Bell Helicopter.
“We are excited about the growth opportunities at the company, which adds a strong position in engine and main rotor shafts to our product capabilities. Through this acquisition, we obtain proprietary manufacturing methods, technological know-how and an outstanding group of employees. We are also pleased that the management team will remain with Triumph to continue to deliver exceptional value to their customers,” says Triumph’s President/CEO Jeffry D. Frisby.
Triumph Group Inc., headquartered in Berwyn, Pa., designs, engineers, manufactures, repairs, and overhauls a portfolio of aerostructures, aircraft components, accessories, subassemblies, and systems. The company serves a 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.