TTM Technologies completed the acquisition of Telephonics from Griffon for $330m.

TTM Technologies, a firm that manufactures printed circuit boards, completed the acquisition of Telephonics, a provider of highly sophisticated intelligence, surveillance and communications solutions, from Griffon, a diversified management and holding company, for $330m. “I am excited for Telephonics to join TTM as we continue on our journey to move up the value chain and provide more engineered products to our offering for our customers. We expect that the complementary portfolio and skills will enhance TTM’s strategic capabilities and growth opportunities enabling us to deliver significant benefits to our Aerospace and Defense customers. We also expect the transaction to be immediately accretive to our non-GAAP EPS," Tom Edman, TTM CEO.