Aircraft components supplier TransDigm Group Inc. completed its acquisition of Kirkhill-TA Co. from Esterline Technologies Corp. for $50 million in cash, subject to adjustment.
TransDigm Chairman and CEO W. Nicholas Howley said he expects the target's performance to improve over time.
"Kirkhill products fit well with our business strategy," Howley said. "Although the improvements could take a little longer to develop than for some acquisitions, we see significant opportunities to improve Kirkhill's profitability."
California-based Kirkhill supplies highly engineered aerospace elastomers.
