TransDigm completes acquisition of Schneller

TransDigm Group, a leading global designer, producer and supplier of highly engineered aircraft components, has completed the acquisition of Schneller Holdings, from an affiliate of Graham Partners, for approximately $288.5 million in cash. The acquisition was previously announced on August 5, 2011. Schneller, headquartered in Kent, Ohio, designs and manufactures proprietary, highly engineered laminates for commercial aircraft. These products are found on most of the active Boeing platforms, all of the active Airbus platforms and most of the regional jets. The Company expects calendar 2011 revenues to be approximately $84 million.