US motion-control specialist Trinova has continued its acquisition spree with the purchase of actuator manufacturer Electrical Engineering & Manufacturing (EEMCO). Trinova says that the deal is part of a strategy to double its aerospace business to more than $600 million by 2000.
Maumee, Ohio-based Trinova has now acquired six aerospace companies, including hose manufacturer Aeroquip and fluid-power specialist Vickers. The EEMCO acquisition will add some $40 million to Trinova's aerospace sales, which are expected to approach $400 million in 1996.
"Our strategy calls for new-product introductions, continued market-share gains, greater shipset value, high production levels from the airframe manufacturers and easily absorbable acquisitions which add product lines complementary to our existing offerings," says chief executive Darryl Allen.
EEMCO was acquired from Datron for $35 million. The product line of actuators, motors, generators and control systems is likely to be consolidated as Vickers, because EEMCO's Los Angeles plant is not being acquired.
Source: Flight International