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"The acquisition of business assets from Demicron SNC and integration with AFS as Alcoa Fixations Maroc present unique opportunities in support of our AFS European aerospace growth initiatives. It provides AFS a strong platform for rapid expansion of our presence in the European specialty machined aerospace parts segment," said Olivier Jarrault, President of Alcoa Fastening Systems. "It also provides ready access to available and experienced manufacturing capacity, in close proximity to our Western Europe aerospace operations, that will benefit AFS and our customers through improved affordability and capacity, in support of the Airbus A 350 launch and as the markets turn around."
AFS expects to complete the integration by year end, and will continue to look for similar synergistic opportunities that bring value to its long-term manufacturing plan.
Alcoa Fastening Systems, a business unit of Alcoa (NYSE:AA), is a leading worldwide designer and manufacturer of specialty fasteners, nut and frangible collar systems, fluid fittings, assembly components and installation tools for aerospace and commercial applications. Headquartered in Torrance, California, the company has more than 6,000 employees, and manufactures at 21 locations in 9 countries. AFS also operates 7 worldwide distribution/logistics centers providing value-added services.
SOURCE: Alcoa, Inc.
Alcoa Fastening Systems Ms. Anne Brown, 1-714-449-4374 Communications Manager Fax: 1-714-278-8726 E-mail: anne.brown@alcoa.com Or visit: www.alcoafasteners.com
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