Goodrich Buys British Composite Maker

Aerospace supplier acquired Crompton Technology, a British company that designs and makes advanced fiber composite products.

CHARLOTTE, N.C. (AP) -- Goodrich Corp. acquired a British company that designs and makes advanced carbon fiber composite products, the aerospace supplier said Thursday.

Goodrich, which is based in Charlotte, N.C., said Crompton Technology Group Ltd. is a fast-growing company that will broaden its own composite business.

Privately held Crompton serves the aerospace, defense, advanced vehicle and clean energy markets. Its aerospace products include transmission shafts for flight control and power drive systems.

"We intend to leverage CTG's proprietary technology across a number of Goodrich products to benefit commercial and military customers worldwide," Goodrich said in a statement.

The acquisition closed Wednesday. Terms were not disclosed.

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