TransDigm Group Incorporated announced today that it acquired the aerospace business of Franke Aquarotter GmbH ("the Company") for approximately $75 million in cash on March 31, 2015.

The Company, whose name going forward will be Adams Rite Aerospace GmbH, is located in Ludwigsfelde, Germany and employs approximately 50 people. The Company manufactures proprietary faucets and related products for use on commercial transports and regional jets. Major platforms include the Airbus A320, A330, A380 and Bombardier and Embraer regional jets. Approximately 65% of revenue is derived from the commercial aftermarket and almost all revenue is proprietary and sole source.

W. Nicholas Howley, Chairman and CEO of TransDigm Group Incorporated, stated, "Franke Aquarotter has long been a premier manufacturer of proprietary lavatory products with established positions on high use platforms, significant aftermarket content and an outstanding reputation. The highly engineered products are used on almost every Airbus commercial transport platform. The business fits well with TransDigm and will be combined with our Adams Rite lavatory product line in Fullerton, California. As with all TransDigm acquisitions, we see opportunities for significant value creation through our proven value creation methodology."