Daher has inked an agreement to acquire Triumph Group’s metallic aerostructures production and assembly business in Stuart, Florida, for an undisclosed amount. The 485,000-sq-ft facility on Florida’s Treasure Coast employs about 400 people and specializes in manufacturing large, complex metallic structures such as wing and fuselage assemblies.
"This acquisition is perfectly aligned with Daher’s ‘Succeed Together’ strategic plan, including the goal of significantly developing our North American activities across all of the company’s divisions,” said Daher CEO Didier Kayat. “We strengthened our aircraft manufacturing business by acquiring [Sandpoint, Idaho-based] Kodiak in 2019, and also have achieved significant organic growth in our services activities.”
He added, “With this acquisition, we strive to strengthen our industrial business. This significant transaction enables us to position ourselves globally as a key aerospace player.” The transaction is subject to regulatory reviews and other customary closing conditions.