Alcoa Inc. (NYSE:AA) has completed the acquisition of aerospace fastener business of TransDigm Group Inc.
Alcoa Inc. (NYSE:AA) Acquisition Update
TransDigm Group Inc., is a global designer, producer and supplier of highly engineered aircraft components and this new business will form part of Alcoa Fastening Systems (AFS).
The President of Alcoa (NYSE:AA) Fastening Systems, Vitaliy Rusakov said that“This acquisition is a pivotal step in our strategy to expand our global footprint in the growing aerospace fastener market.”
Aloca Inc. (NYSE:AA) shares were at 16.3 at the end of the last day’s trading. There’s been a 16.5% change in the stock price over the past 3 months.