Date: 2013-08-01

Doncasters Signs Letter of Intent to Acquire Automatic SMP

UK based Doncasters Group announced Tuesday that it has signed a letter of intent to purchase Automatic SMP (ASMP), a recognised manufacturer of internally threaded fasteners & precision components. If acquired, ASMP will become an integral part of the growing aerospace fastener business for Doncasters.

Doncasters currently provides aerospace OEMs with precision manufactured turbine airfoils, rings & casings, structural castings, compressor airfoils, combustion components and fabrications & exhausts for application in gas turbine engines, as well as aerostructures and components for airframe applications. With the addition of ASMP, the Group will expand the breadth of their offering to include internally free spinning and locking nuts required for critical aerospace applications.

Ken Caratelli, Managing Director of the Doncasters Fastener Systems Division, noted that,

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