Ontic Acquires Triumph Group's Staverton Facility and Legacy Product Lines
October 1, 2021
Ontic has purchased the Staverton facility and licensed certain legacy product lines from Triumph Group, expanding its UK manufacturing and aftermarket capabilities. The deal transfers the existing facility, select product lines and more than 90 employees to Ontic to support military, civil and marine platforms.
- Buyers
- Ontic
- Targets
- Staverton facility (Triumph Group)
- Sellers
- Triumph Group
- Industry
- Aerospace & Defense
- Location
- Gloucestershire, United Kingdom
- Transaction Type
- Divestiture
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