LOS ANGELES Aerospace supplier Triumph Group Inc. has agreed to purchase General Donlee Canada Inc. in a $110-million deal that will strengthen the buyers machining capability.
Berwyn, Pa.-based Triumph said the addition of Toronto-based General Donlee will add $60 million to annual revenue and be "immediately accretive" to earnings.
General Donlee, which has been in business for 47 years, operates two Toronto-based divisions: Donlee Precision and General Gear. The companys primary products include engine shafts, thrust links, rotorcraft masts and landing gear components.
The addition of General Donlee will give Triumph "a strong position in engine an main rotor shafts" Triumph president and chief executive officer Jeffry D. Frisby said.
General Donlees management will remain at the company, which will become part of Triumphs Aerospace Systems Group.
In addition to aerospace, General Donlees some 200 employees supply the nuclear and oil and gas industries, including General Electric Co.s GE Aviation subsidiary and Textron Inc.s Bell Helicopter unit.