# 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.

- Type: Acquisition
- Announced: 2023-02-23
- Where: El Cajon, California, United States
- Status: announced
- Products: complex metal fabricated components, assemblies for aerospace and defense
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Weldmac Manufacturing Company](https://endata.com/companies/17703.md) (target)
- [PennAero](https://endata.com/companies/46013.md) (acquirer)

## Sources

- [pennaero.com](https://pennaero.com/weldmac/pennaero-announces-agreement-to-acquire-weldmac-february-2023/), 2023-07-14: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.