BERWYN, Pa, May 10, 2021 /PRNewswire/ -- Triumph Group
[NYSE:TGI] announced today the completion of sale for three
of its Aerostructures sites to Arlington Capital Partners. The
transaction was effective May 7, 2021
and includes the Triumph Composites business consisting of the
Milledgeville, Georgia and Rayong
Thailand operations, as well as its structures operations in
Red Oak, Texas. Combined, the
businesses encompass approximately 1.8 million square feet of
factory space and employ approximately 900
people.
The Triumph Composites businesses provide structural and engine
composite fabrications and assemblies across commercial, business
jet, and defense platforms. The Red
Oak operations specializes in the manufacture of large,
complex composite and metallic structures such as wing, empennage,
and fuselage assemblies.
Arlington Capital Partners plans to continue operations at all
three locations under the business name Qarbon Aerospace and will
maintain the leadership and employees currently supporting the
business.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers,
manufactures, repairs and overhauls a broad portfolio of aerospace
and defense systems, components and structures. The company serves
the global aviation industry, including original equipment
manufacturers and the full spectrum of military and commercial
aircraft operators.
More information about Triumph can be found on the company's
website at www.triumphgroup.com.
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SOURCE Triumph Group