WHITE PLAINS, N.Y., 2 April 2015.ITT Corp. (NYSE:ITT) has acquired Hartzell Aerospace, a manufacturer of highly engineered and customized solutions for aerospace environmental control systems on a wide range of high-growth, next-generation aircraft.
“The acquisition of Hartzell Aerospace will unlock powerful new opportunities for ITT to expand its presence on new and existing platforms in the global aerospace industry,” predicts Denise Ramos, chief executive officer and president at ITT. “The addition of Hartzell Aerospace’s high-quality portfolio and innovative technologies will broaden our capabilities, enhance our ability to serve customers and help further position ITT as a leader in the aerospace market.”
“Hartzell Aerospace’s technologies and expertise are an ideal complement to our Aerospace business, which is a global leader in actuation, flow control and energy absorption components for the aerospace industry,” adds Steve Kim, vice president and general manager of Aerospace Controls for ITT’s Control Technologies business. “We are looking forward to enhancing our portfolio of environmental control system solutions, which play a crucial role in passenger comfort and safety.”
Hartzell Aerospace boasts 240 employees and production facilities in Valencia and Perris, Calif.
ITT is a diversified manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation, and industrial markets. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries.