6/11/2009
NEWS BRIEFS
AFS Buys in Casablanca
Alcoa Fastening Systems completed the acquisition of assets from Demicron SNC, which operates from a single facility in Casablanca with less than 50 employees. Terms were not disclosed.
Demicron manufactures precision specialty machined aerospace parts, complex progressive dies, forging and stamping tools, and has been a supplier to AFS for more than two years. The business will be integrated into the AFS organization as Alcoa Fixations Maroc.
AFS expects to complete the integration by the end of 2009.
“The acquisition provides AFS a strong platform for rapid expansion of our presence in the European specialty machined aerospace parts segment,” said AFS president Olivier Jarrault.
“It also provides ready access to available and experienced manufacturing capacity, in close proximity to our Western Europe aerospace operations, that will benefit AFS and our customers through improved affordability and capacity, in support of the Airbus A 350 launch and as the markets turn around.”
Torrance, CA-based AFS, the company has more than 6,000 employees, and manufactures at 21 locations in 9 countries. AFS also operates 7 worldwide distribution/logistics centers providing value-added services. ©2009 GlobalFastenerNews.com
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