Chromalloy, 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. Financial terms of the agreement were not disclosed.
“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 and Trac, both industry leaders, together offer the original equipment manufacturers a global source of component production and repair.”
Terry Russett, managing director, Trac Group, called the combination “a win-win for the equipment manufacturers, which demand innovation, quality and performance both in the supply chain and the aftermarket.”
Trac Group provides design, engineering and manufacturing of high- and low-pressure complex turbine components such as blades, segments and vanes for the engine hot section. As a supplier on new commercial aircraft engines and power generation systems, Trac Group produces components for Rolls-Royce, Snecma, Alstom, Siemens, and other manufacturers. The company employs about 400 people and has headquarters in Crewe, U.K., with production facilities in the U.K. and Mexico. Trac Group will retain its brand name and be referred to as “A Chromalloy Company.”