TransDigm Completes Acquisition of Schneller Holdings LLC

CLEVELAND, Aug. 31, 2011 /PRNewswire via COMTEX/ — TransDigm Group Incorporated TDG +0.90% , a leading global designer, producer and supplier of highly engineered aircraft components, today announced that it has completed the acquisition of Schneller Holdings LLC (Schneller or the Company), from an affiliate of Graham Partners, Inc., for approximately $288.5 million in cash. The acquisition was previously announced on August 5, 2011.

Schneller, headquartered in Kent, Ohio, designs and manufactures proprietary, highly engineered laminates for commercial aircraft. These products are found on most of the active Boeing platforms, all of the active Airbus platforms and most of the regional jets. The Company expects calendar 2011 revenues to be approximately $84 million.

About TransDigm Group

TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, aircraft audio systems, specialized cockpit displays, engineered latching and locking devices, specialized lavatory components, engineered connectors and elastomers, rods and locking devices, NiCad batteries/chargers, and lighting and control technology.