Alcoa Receive Approval to Acquire Fairchild Fasteners

Alcoa have just received approval from the European Union for their acquisition of Fairchild Fasteners from Fairchild Corp. The transaction is now expected to be completed during the last quarter of 2002.

Fairchild Fasteners is one of the world’s leading manufacturers of precision fasteners and fastening systems, supplying components to the aerospace, military and construction industries.

Once acquired, Fairchild Fasteners will be combined with Huck, Alcoa’s existing fastener business. Together the two will work together, combining technology, working on projects like reducing the weight and cost of metallic airframe components.

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