Chromalloy Expands Support In The New Engine Supply Chain With The Acquisition Of Turbine Component Producer Trac Group
Chromalloy, a leading supplier of gas turbine engine component repairs, coatings and castings, today announced its acquisition of Trac Group, a tier one component supplier to the aerospace and energy industries.
"Chromalloy's acquisition of Trac Group is in line with our strategy to increase our support for the new engine supply chain," said Carlo Luzzatto, President. "Chromalloy and Trac, both industry leaders, together offer the original equipment manufacturers a global source of component production and repair."
The Global Military Aircraft Engines Market 2016-2026
Trac Group provides design, engineering and manufacturing of high and low pressure complex turbine components including blades, segments and vanes for the engine hot section.
As a supplier on new commercial aircraft engines and power generation systems, Trac Group produces components for Rolls-Royce, Snecma, Alstom, Siemens, and other manufacturers. The company employs about 400 and has headquarters in Crewe, U.K., with production facilities in the U.K. and Mexico.
Terry Russett, Managing Director, Trac Group, called the combination "a win-win for the equipment manufacturers, which demand innovation, quality and performance both in the supply chain and the aftermarket."
The company will retain its brand name and be referred to as "A Chromalloy Company."
Chromalloy and Trac Group are privately held and the terms of the agreement were not disclosed.
Source : Chromalloy - view original press release