Precision Castparts Sells Unit to Triumph

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Triumph Group (NYSE: TGI) now holds a new asset following a deal inked with Precision Castparts (NYSE: PCP). Triumph has acquired Primus Composites from its counterpart. The terms of the deal were not disclosed.

In its press release announcing the acquisition, Triumph Group described Primus Composites as a "global supplier of composite and metallic propulsion and structural composite components and assemblies." It has two factories, one in the U.K. and one in Thailand. These operations will now be known as Triumph Structures-Farnborough and Trumph Structures-Thailand, respectively.

Triumph expects that Primus Composites will contribute around $55 million in revenue annually and be "immediately accretive" to earnings.

The article Precision Castparts Sells Unit to Triumph originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Precision Castparts. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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