Tinicum to acquire Aerospace Products Group from Leggett & Platt for $285m.

Tinicum, a private investment firm, agreed to acquire Aerospace Products Group, a supplier of complex, highly engineered tube and duct assemblies for use primarily in commercial and military aircraft platforms, from Leggett & Platt, an American diversified manufacturer, for $285m. "This divestiture is part of the ongoing strategic business review, aimed at determining which businesses are the right long-term fit for the company," Leggett & Platt.