Triumph Group Buys Embee Inc.
Triumph Group, Inc. (NYSE: TGI) today announced the acquisition of Embee Incorporated, a leading commercial metal finishing provider offering more than seventy metal finishing, inspecting and testing processes primarily for the aerospace industry. The acquired business, which will operate as Triumph Processing - Embee Division, Inc. and be included in the Aerospace Systems Group, is expected to add approximately $50.0 million of annual revenue and to be immediately accretive to earnings.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.