PennAero signs agreement to acquire Weldmac Manufacturing

PennAero (NASDAQ: TRS) announced on February 23, 2023 that it has signed an agreement to acquire Weldmac Manufacturing Company, a designer and manufacturer of metal fabricated components for aerospace, defense and space launch markets. Weldmac generated approximately $33 million in revenue in FY2022.

“This acquisition will add complementary, highly-engineered products and new manufacturing capabilities to PennAero Aerospace, expanding our offering and position in the aerospace, defense and space launch end markets.”pennaero.com

• 1 source
• pennaero.comPennAero Announces Agreement to Acquire Weldmac (February 2023) 2 - WeldmacJul 14, 2023

Summarized from public sources; check the original articles before acting on it.