TransDigm Completes Acquisition of Young & Franklin Inc. and Tactair Fluid Controls Inc.
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CLEVELAND, Sept. 23, 2016 - TransDigm Group Incorporated (NYSE: TDG) announced today that it has completed the acquisition of Young Franklin Inc. and its subsidiaries, including Tactair Fluid Controls Inc. (collectively with Young Franklin, the "Company").
Located in Liverpool, New York, the Company manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about $75 million for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the revenues are from proprietary products and about 70% of the revenue is aerospace related. The balance is sold to the Industrial Gas Turbine (IGT) market.
About TransDigm
TransDigm Group Incorporated, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, NiCad batteries and chargers, engineered latching and locking devices, rods and locking devices, engineered connectors and elastomers, databus and power controls, cockpit security components and systems, specialized cockpit displays, aircraft audio systems, specialized lavatory components, seatbelts and safety restraints, engineered interior surfaces and related components, lighting and control technology, military personnel parachutes, high performance hoists, winches and lifting devices, and cargo loading, handling and delivery systems.
SOURCE TransDigm Group Incorporated
Web Site: http://www.transdigm.com
Contact:
Liza Sabol
Investor Relations
(216) 706-2945
ir@transdigm.com
