The deal marks the second time in a week that Avantus has acquired an aerospace fastener company.
Tag "aerospace"
September 29
16:41
2020
New Fastener Innovation Technology Corporation owner Avantus Aerospace acquired Fastener Technology Corporation in December 2019.
August 24
23:27
2020
Aerospace fastener and components supplier Precision Castparts Corp. cut one third of its global workforce in the first half of 2020 “as orders for its aerospace components evaporated,” the Oregonian reports.
June 16
15:08
2020
Aerospace fastener and components manufacturer Shimtech Industries was renamed Avantus Aerospace by owners Inflexion Private Equity and Auctus Industries.
February 27
11:25
2020
During the year, TriMas sold its fastener and sealing Lamons business for $135 million, reducing the company’s exposure to the oil and gas market.
February 24
10:34
2020
TriMas Aerospace’s Monogram Aerospace Fasteners and Allfast Fastening Systems operations were both awarded new supply contracts by Airbus, expanding the company’s engineered fastener sales in Europe.
February 24
07:15
2020
Arconic's Engineered Products and Forgings businesses (engine products, fastening systems, engineered structures and forged wheels) will be renamed Howmet Aerospace Inc. in April.
January 17
15:18
2020
Brea, CA-based CAM, which manufactures aerospace fasteners and other components, was launched by Tinicum in 2012 as a holding company for several manufacturing firms active in aerospace component sector.
December 10
00:24
2019
Third-quarter results included 8% organic gain “driven by aerospace engine, defense and commercial transportation growth.”
October 28
01:39
2019
“They may have gold and are priced like gold,” he told an International Fastener Expo conference.
September 03
00:39
2019
In the months following the demise of a $10 billion buyout, Arconic and its new leadership team, including former TRW Automotive CEO John Plant, have “taken decisive steps to bring down costs and improve operations, which has led to improved quarterly results and a recovering stock that today trades above the rumored buyout price,” according to the Motley Fool.
August 06
21:02
2019
Arconic said it remains on track to separate its portfolio businesses by the fourth quarter of 2019, with EP&S (engine components, fastening systems, and engineered structures) and forged aluminum wheels to be named Howmet Aerospace Inc.
August 05
05:41
2019
Based in Lenexa, KS, Enduralock designs fasteners that are highly vibration resistant and provide a permanent lock, yet they are able to be fully reversed and reused with standard tooling.
July 31
16:44
2019
“Steady demand levels for fastener products and improved production throughput” drive gains in sales and profit.
July 15
10:26
2019
Varela brings 29 years of management experience in QA and operations to her position, including most recently as quality manager for Arconic Global Fastening Systems & Rings.
July 10
18:58
2019
CEO: “Both Safran and Sonaca are key aerospace Tier 1 suppliers, and are major users of blind fasteners of which TriMas Aerospace is a market leader.”
June 19
11:53
2019
“The availability of skilled workforce and proximity to Boeing were important factors in our decision to select this strategic location,” said executive VP Francoise Montsarrat.
April 30
20:12
2019
Segment operating profit rose 25% due to improved production efficiencies and a more favorable product sales mix.
April 29
16:42
2019
Organic fastener segment revenue grew 7%, driven by aero engine and defense growth.
March 04
16:42
2019
Arconic has commenced plans to reduce operating costs by approximately $200 million on an annual run-rate basis.
