PALM BEACH GARDENS, Fla., Nov. 25, 2013 /PRNewswire/— Chromalloy, a leading supplier of gas turbine engine component repairs, coatings and castings, today announced its acquisition of Trac Group, a tier one component supplier to the aerospace and energy industries. “Chromalloy’s acquisition of Trac Group is in line with our strategy to increase our support for the new engine supply chain,” said Carlo Luzzatto, President. “Chromalloy and Trac, both industry leaders, together offer the original equipment manufacturers a global source of component production and repair.”
Trac Group provides design, engineering and manufacturing of high and low pressure complex turbine components including blades, segments and vanes for the engine hot section. As a supplier on new commercial aircraft engines and power generation systems, Trac Group produces components for Rolls-Royce, Snecma, Alstom, Siemens, and other manufacturers.
The company employs about 400 and has headquarters in Crewe, U.K., with production facilities in the U.K. and Mexico. Terry Russett, Managing Director, Trac Group, called the combination “a win-win for the equipment manufacturers, which demand innovation, quality and performance both in the supply chain and the aftermarket.” The company will retain its brand name and be referred to as “A Chromalloy Company.”
Chromalloy and Trac Group are privately held and the terms of the agreement were not disclosed. Chromalloy is a leading supplier of castings, advanced repairs, coatings and a catalog of other aftermarket services for turbine airfoils and other critical engine components. The company serves engine manufacturers and operators in commercial aerospace, defense, and the energy industry. Chromalloy facilities include operations, annexes and sales offices in 17 countries. More information is at www.chromalloy.com.
Chromalloy has evolved from a gas turbine parts repair business into a leading supplier of advanced repairs, services, and maintenance, repair and overhaul for gas turbines used in aviation and land-based applications. Chromalloy serves the airline, military, marine and energy segments with a broad range of services at locations around the globe. Chromalloy is authorized by the FAA and EASA and many other NAAs, and is qualified under ISO and NADCAP. Chromalloy is a subsidiary of Sequa Corporation.
Sequa Corporation is a diversified industrial company with operations in the aerospace, energy and metal coatings industries. Sequa is a Carlyle Group company. For additional information, visit www.sequa.com.
Media Contact: Andrew Farrant +646-283-0134 Andrew_Farrant@sequa.com