Fairbanks Morse Defense Completes $302 Million Truflo Marine Acquisition
Fairbanks Morse Defense has completed its acquisition of U.K.-based Truflo Marine from IMI plc in a transaction previously valued by IMI at $302 million. The deal adds Truflo’s Birmingham facility and approximately 270 employees to FMD’s industrial base, a change that may affect supplier-capacity assessments for allied naval and marine requirements.