Alcoa to Buy TransDigm’s Fastener Unit for $240 mln
Investing News Network - February 1st, 2011
Reuters.com reports that Alcoa (NYSE:AA) is going to purchase TransDigm’s (NYSE:TDG) fastener unit.
Reuters.com reports that Alcoa (NYSE:AA) is going to purchase TransDigm’s (NYSE:TDG) fastener unit.
The story is quoted as saying:
Alcoa , the largest U.S. aluminum producer, will buy TransDigm Group’s fastener business for about $240 million to expand its presence in the aerospace market where demand for the metal is expected to grow rapidly.