Hagan: Alcoa Expands in Aerospace Fasteners With McKechnie Acquisition
FEATURE
Alcoa Fastening Systems “significantly strengthens” its aerospace fastener product lines by acquiring Valley-Todeco and Linread, an industry acquisitions expert said.
Alcoa announced this week it will acquire the aerospace fastener manufacturing portion of McKechnie Aerospace Holdings Inc. for $240 million.
Richard Hagan of New York-based Pinnacle Capital told GlobalFastenerNews.com that the Valley-Todeco Inc. and Linread Limited divisions of McKechnie “significantly strengthen the AFS product offering with respect to aerospace bolts and nuts for both airframe and engine applications.”
In addition to hot-forged and cold-headed male and female fasteners, Valley-Todeco also manufactures spherical, slotted-entry bearings used in a diverse range of airframe applications, Hagan noted.
“The bearing division of Valley-Todeco is a highly-attractive niche business which expands the AFS product range into new territory,” Hagan pointed out. ©2011 GlobalFastenerNews.com
For more details of the acquisition click here.
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