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Synopsis
Novaria, a manufacturer of specialty components and hardware for the aerospace and defense industries, agreed to acquire aerospace fusible plug business from PPMG, a manufacturer of fusible plugs. Financial terms were not disclosed. “The acquisition of PAC supports Novaria’s continued commitment to enhancing the aerospace supply chain. PAC’s technical expertise and proprietary products enhance our ability to serve key customers and expand our portfolio of safety-critical components,” Bryan Perkins, Novaria CEO.
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