McKechnie Reports Profit

Jason Sandefur

Aerospace fastener maker McKechnie PSM recorded sales of �21.6 million (US$37.9 million) in 2005, parent company Melrose PLC announced. Profit was �400,000 (US$702,257) for the year as McKechnie continued to close its European facilities and move operations to Asia.
In January McKechnie PSM announced the closure of its Brno, Czech Republic, fastener production facility by April 2006.
London-based Melrose bought McKechnie in August 2005. Web: mckechnie.co.uk �2006 FastenerNews.com