Alcoa (AA) will purchase the aerospace fastener business of TransDigm (TDG) for $240M, which...

|By:, SA News Editor

Alcoa (AA) will purchase the aerospace fastener business of TransDigm (TDG) for $240M, which will become part of Alcoa Fastening Systems. Alcoa says the deal will close during Q1 and be accretive to earnings and cash flow in the first year. (PR)