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AMETEK ACQUIRES HUGHES-TREITLER MANUFACTURING CORPORATION


Expands Position in Thermal Management Applications For Aerospace and Defense Markets


Jul 21, 2004


PAOLI, PA, – AMETEK, Inc. has acquired the assets of Hughes-Treitler Manufacturing Corporation, a privately held supplier of heat exchangers and thermal management subsystems for the aerospace and defense markets. Hughes-Treitler, located in Garden City, NY, has about 190 employees and expected annual sales of approximately $32 million.  The purchase price is approximately $48 million in cash.

“We are very excited about the acquisition of Hughes-Treitler,” commented AMETEK Chairman and Chief Executive Officer Frank S. Hermance.  “It significantly expands our thermal management product offering to the military and commercial aerospace markets.   Hughes-Treitler provides complementary products and serves a number of customers common to our other aerospace and defense businesses.”

“Together with our Rotron and Airtechnology business units, Hughes-Treitler enables AMETEK to provide a broader range of thermal management subsystems to our customers on a global basis,” adds Mr. Hermance.Hughes-Treitler is a recognized leader in heat exchangers and other subsystems designed for equipment cooling or maintaining environmental integrity in the commercial and military aerospace ndustries. Its products include air-oil coolers, air-air coolers, surface coolers, ECS evaporator condensers, fuel oil coolers, liquid air heat exchangers, liquid oxygen heat exchangers, and buffer air heat exchangers.  These products are used in a variety of applications for airframes, engine and avionics systems on aircraft as well as in military vehicle, marine, space and industrial applications.

AMETEK Aerospace & Defense is a leader in engine and aircraft monitoring systems, data acquisition units, fuel and fluid measurement systems, cockpit instruments and displays, engine and airframe sensors, cables, harness assemblies, avionics blowers, fans, and cooling systems.  It is a unit of AMETEK, Inc., a leading global manufacturer of electronic instruments and electric motors with annual sales of more than $1 billion.

For more information, contact AMETEK Aerospace & Defense, 50 Fordham Road, Wilmington, MA 01887. Phone: 978-988-4639. Fax: 978-988-4944. E-mail: aerosales@ametek.com. Web Site: http://www.ametekaerospace.com