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Alcoa Fastening Systems Expands into Casablanca, Morocco
TORRANCE, Calif.--(BUSINESS WIRE)--Alcoa Fastening Systems (AFS) announced today that it is continuing its
global growth strategy and has completed the acquisition of assets from
Demicron SNC, which will be integrated into the AFS organization as
Alcoa Fixations Maroc. Demicron SNC operates from a single location in
Casablanca with less than 50 employees. Demicron SNC has a solid
reputation within the European aerospace industry as a quality
manufacturer of precision specialty machined aerospace parts, complex
progressive dies, forging and stamping tools; and has been a reliable
partner to AFS for more than two years. Terms were not disclosed.
“The acquisition of business assets from Demicron SNC and integration
with AFS as Alcoa Fixations Maroc present unique opportunities in
support of our AFS European aerospace growth initiatives. It provides
AFS a strong platform for rapid expansion of our presence in the
European specialty machined aerospace parts segment,” said Olivier
Jarrault, President of Alcoa Fastening Systems. “It also provides ready
access to available and experienced manufacturing capacity, in close
proximity to our Western Europe aerospace operations, that will benefit
AFS and our customers through improved affordability and capacity, in
support of the Airbus A 350 launch and as the markets turn around.”
AFS expects to complete the integration by year end, and will continue
to look for similar synergistic opportunities that bring value to its
long-term manufacturing plan.
Alcoa Fastening Systems, a business unit of Alcoa (NYSE:AA), is a
leading worldwide designer and manufacturer of specialty fasteners, nut
and frangible collar systems, fluid fittings, assembly components and
installation tools for aerospace and commercial applications.
Headquartered in Torrance, California, the company has more than 6,000
employees, and manufactures at 21 locations in 9 countries. AFS also
operates 7 worldwide distribution/logistics centers providing