Chromalloy Acquires Turbine Component Maker Trac Group
December 11, 2013
Chromalloy, Palm Beach Gardens, Fla., a leading supplier of gas turbine engine component repairs, coatings and castings, has acquired Trac Group, a Tier One component supplier to the aerospace and energy industries. Headquartered in Crewe, U.K., Trac Group employs about 400 people and has production facilities in the U.K. and Mexico. Chromalloy facilities include operations, annexes and sales offices in 17 countries.
“Chromalloy’s acquisition of Trac Group is in line with our strategy to increase our support for the new engine supply chain,” said Carlo Luzzatto, president, Chromalloy. “Chromalloy and Trac, both industry leaders, together offer the original equipment manufacturers a global source of component production and repair.”
Trac Group provides design, engineering and manufacturing of high and low pressure complex turbine components including blades, segments and vanes for the engine hot section. As a supplier of new commercial aircraft engines and power generation systems, Trac Group produces components for Rolls-Royce, Snecma, Alstom, Siemens and other manufacturers. The company will retain its brand name and be referred to as “A Chromalloy Company.”
Terry Russett, managing director, Trac Group, called the combination a “win-win for equipment manufacturers, which demand innovation, quality and performance both in the supply chain and the aftermarket.”
The companies are privately held and the terms of the agreement were not disclosed. Chromalloy is a subsidiary of Sequa Corp., a Carlyle Group company with operations in the aerospace, energy and metal coatings industries.