EDAC Corp.

Mergers & Acquisitions

EDAC Technologies Announces Proposed Acquisition of Repair Business Unit

FARMINGTON, Conn., Dec. 5 / -- EDAC Technologies Corporation (NASDAQ:EDAC) announced today that it has entered into an asset purchase agreement with MTU Aero Engines North America, Inc. ( MTU ). Under the agreement, EDAC Technologies will purchase the assets of MTU's Repair Business Unit, including its facility located at 35 Holland Drive in Newington, Connecticut. MTU's Repair Business Unit is...

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