30.9 C
Bangkok
Friday, May 10, 2024

Arlington Capital buys Triumph’s aerostructures sites, names business ‘Qarbon’ | News

Triumph Group has completed the divestment of three aerostructures manufacturing sites to private equity company Arlington Capital Partners, which has renamed the businesses Qarbon Aerospace.

The deal closed on 10 May, around nine months after it was disclosed by Pennsylvania firm Triumph and Maryland-based Arlington Capital. The companies have not revealed the transaction price and did not respond to requests for more information.

Under the deal, Arlington Capital has acquired Triumph’s composite manufacturing facilities in Milledgeville, Georgia and Rayong, Thailand.

Those operations produce “structural and engine composite fabrications and assemblies” for commercial, business and military aircraft, Triumph says.

In addtion, Arlington Capital has purchased a Triumph site in Red Oak, Texas that produces “large, complex composite and metallic structures, such as wing,…

Read more…

Latest Articles