Italy's Poggipolini buys California aerospace fastener maker Saturn
What's the deal? Italy's Poggipolini GroupDealroom has a profile for this one. Try Dealroom → has signed an agreement to acquire Burbank, California-based Saturn FastenersDealroom has a profile for this one. Try Dealroom → from Acument Global TechnologiesDealroom has a profile for this one. Try Dealroom →. The deal value was not disclosed.
The players: Saturn makes specialty and standard fasteners for the aerospace industry. Poggipolini said the acquisition brings additional manufacturing capabilities, fastener expertise, and commercial relationships into the group.
What's the endgame? The deal expands Poggipolini's foothold in California, one of the world's most important aerospace clusters. The group said it wants to establish itself as a reference player in the aerospace and defence fastener supply chain.
Why now? Poggipolini said it looks forward to supporting Saturn "through its next phase of growth," folding the US operation into its North American ambitions.
The signal: A European maker of niche aerospace hardware buying its way into the US market points to steady consolidation in the aerospace and defence supply chain, where specialised fastener capacity and local relationships carry a premium.
Read more: torque-expo.com
Image credit: SuperJet International
