Posted March 2, 2010
Emhart Teknologies acquires FIT
Shelton, Conn.-based Emhart Teknologies, a Black & Decker Company, announced the acquisition of Fastener Innovation Technology Inc. (FIT).
FIT is a designer and manufacturer of aerospace fasteners based in Gardena, Calif. The transaction closed March 1, 2010.
“Combined with our Heli-Coil initiatives and the 2008 purchase of Spiralock Corporation, bringing FIT under the Emhart brand enables us to integrate the finest aerospace fastener platforms into a single-source organization,” said Emhart Teknologies president Michael A. Tyll. “This acquisition allows us to better serve the aerospace, military and commercial aircraft industries where FIT enjoys a strong reputation among the world’s leading aerospace companies.”
FIT has long-term customer relationships with Boeing, Honeywell, Bell, GE, Pratt & Whitney, Embraer and Gulfstream Aerospace Corp.
“Production forecasted for both new and replacement aircraft through 2020 reflects the projected growth in global air traffic. The purchase of FIT positions Emhart Teknologies to further support this industry growth,” Tyll said.
Randy Aardema will lead FIT as general manager. Aardema recently joined Emhart from Acument Aerospace and was with Textron Fastening Systems prior to that.
