The Loar Group Announces Its Acquisition of Terry's Machine & Manufacturing, Inc.
The Loar Group today announced that on September 6th it acquired Terry’s Machine & Manufacturing, Inc., a manufacturer of precision components for the aerospace and defense industry, and merged Terry’s into the Loar Group’s newly formed subsidiary Terry’s Precision Products LLC. Headquartered in Mukilteo, Washington (USA), Terry’s manufactures precision metallic components utilizing a wide range of manufacturing processes that satisfy demanding aerospace customer performance requirements. The business will continue to do business as Terry’s Machine & Manufacturing.
Speaking on behalf of the Loar Group, Dirkson Charles (Chief Executive Officer) said, “We are delighted to add Terry’s to the Loar Group family of companies. The combination of Loar’s aerospace experience, entrepreneurial spirit, and resources with Terry’s deep expertise in themachining of complex aerospace components will result in a stronger enterprise that is better positioned to serve our customers. We are especially excited that Roger Sanford, Terry’s President, is joining the Loar team to help drive growth at Terry’s as well as the broader Loar Group platform.”
The Loar Group is a diversified manufacturer and supplier with established relationships with leading aerospace and defense OEMs worldwide. Its mandate is to create a strategic global alliance of companies specializing in the design and manufacture of aerospace and defense components. Loar provides its partners and customers with innovative, cost-effective capabilities and responsive, dependable service, leading to profitable and sustainable long-term relationships.