3/2/2010 1:20:00 PM
NEWS BRIEFS
Emhart Teknologies Acquires Aerospace Fastener Maker FIT
Emhart Teknologies acquired aerospace fastener maker Fastener Innovation Technology Inc. of Gardena, CA. Terms were not disclosed.
“Combined with our Heli-Coil initiatives and the 2008 purchase of Spiralock Corporation, bringing FIT under the Emhart brand enables us to integrate the finest aerospace fastener platforms into a single-source organization,” said Emhart president Michael Tyll. “This acquisition allows us to better serve the aerospace, military and commercial aircraft industries.”
FIT has long-term customer relationships with Boeing, Honeywell, Bell, GE, Pratt & Whitney, Embraer and Gulfstream Aerospace Corp. The company consistently delivers innovative products through the application of new high-strength materials such as steel alloys, titanium and super alloys.
“Production forecasted for both new and replacement aircraft through 2020 reflects the projected growth in global air traffic. The purchase of FIT positions Emhart Teknologies to further support this industry growth,” Tyll said.
Randy Aardema was named general manager of FIT. Aardema recently joined Emhart from Acument Aerospace and was with Textron Fastening Systems before.
FIT manufactures aerospace threaded fasteners including industry standard, customer-specific and proprietary designs for specialized applications. FIT has developed proprietary products in addition to special products for OEMs requiring unique fastening solutions.
Shelton, CT-based Emhart is a Black & Decker company whose technology-based assembly products and systems are sold in more than 100 countries. Emhart has 2,500 employees in 39 operating facilities worldwide, with 2009 sales of $536.6 million. ©2010 GlobalFastenerNews.com
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