Triumph Group (TGI) Announces Sale Of Its Composites Business To Arlington Capital Partners
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Triumph Group Announces The Sale Of Its Composites Business To Arlington Capital Partners
August 3, 2020 9:00 AM EDTBERWYN, Pa., Aug. 3, 2020 /PRNewswire/ -- Triumph Group, Inc. (NYSE: TGI) announced today a definitive agreement to sell its composites operations to Arlington Capital Partners. Included in the sale are the Triumph Aerospace Structures composites locations in Milledgeville, Georgia and Rayong, Thailand.
"With the sale of Triumph's composites business, Triumph continues to execute on its previously announced Aerospace Structures strategic review. This transaction will further reduce debt and enhance liquidity while moving the company towards its future state as a leading provider of systems and aftermarket service," said Daniel Crowley,... More
