Goodrich Corporation has acquired UK-based Crompton Technology Group, (CTG), a leading designer and manufacturer of advanced carbon fiber composite products for the aerospace, defense, advanced vehicle and clean energy markets. The transaction closed yesterday; terms of the acquisition were not disclosed.
CTG a privately-held company, employs approximately 150 people at its Banbury, UK facility. CTG’s products are used on a number of diverse aerospace platforms in production and development. Primary aerospace products include transmission shafts for flight control and power drive systems as well as specialized pipes used in fuel systems. CTG also has successfully applied its composite design capabilities to a number of other products, including flywheels and accumulators in the clean energy and advanced vehicle markets.
CTG will become part of Goodrich’s Actuation Systems business.
