The consolidation of smaller US aerospace businesses continues with AlliedSignal's $291 million acquisition of parts distributor TriStar Aerospace and the completion of Rolls-Royce's $73 million acquisition of National Airmotive.
Dallas-based TriStar recorded more than $185 million in sales last year and managed more than 100,000 different parts. Its takeover boosts AlliedSignal Services' aftermarket parts distribution business to $600 million. Last year it bought Banner Aerospace.
"We will integrate TriStar with our Hardware Product Group. The result will be a single business, capable of providing worldwide customers with one-stop-shopping," says James Taiclet, AlliedSignal Aerospace Services president. Its business now spans bearings, chemicals, fasteners, seals and electrical parts.
TriStar has also formed a transatlantic alliance with UK aerospace hardware supplier CJ Fox to give each company access to the other's inventory and inventory management systems. CJ Fox is to take over the management of TriStar's UK operation, based near Heathrow Airport.
R-R, meanwhile, has added National Airmotive of the USA to its expanding network of engine repair and overhaul shops. The deal, announced in September, has been given regulatory approval. The UK company has further strengthened its aftermarket parts support activities in a deal with US firm Aviall. From 1 January, Aviall will take over support activities worldwide for the R-R Model 250 turboshaft and turboprop.
Source: Flight International
