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TransDigm picks up Pexco's aerospace division in $496 million deal

May 01, 2015 - The Deal Pipeline

Aerospace component manufacturer TransDigm Group Inc. (TDG) said Friday it has a deal in place to acquire the aerospace arm of Pexco LLC for $496 million, expanding its plastics operation. The aerospace business of Atlanta-based Pexco is a supplier of extruded plastic interiors parts used in the trim, lighting, flooring and cabin of commercial aircraft.

The unit employs 300 at locations in California and Washington. The deal includes about $160 million of tax benefits to be realized...