Permaswage Buys Assets from HK Fittings

Designed Metal Connections, which does business as Permaswage, has completed its acquisition of the aerospace fittings assets of Burbank, Calif.-based HK Fittings. Financial terms of the deal were not released. Los Angeles-based Permaswage manufactures aerospace permanent fluid fittings. The company is backed by private equity firm Bridgepoint.

PRESS RELEASE

Designed Metal Connections dba Permaswage has completed a definitive agreement to acquire the aerospace fittings assets of HK Fittings, Inc. of Burbank CA., a leading provider of standard AN/MS fluid fitting components for commercial and defense aerospace markets worldwide.

Permaswage CEO Andrew Roberts describes the acquisition of HK Fittings as “a key element in Permaswage’s re-entry into the AN/MS fittings market bringing their presence and reputation as a high quality supplier to the distributor channel.”

Permaswage is the global leader in aerospace permanent fluid fittings and associated tooling technologies with operations in Los Angeles, California; USA, Paris, France and Suzhou, China. Permaswage’s axially and radially swaged fittings are installed in the vast majority of the world’s commercial and defense platforms.

HK Fittings is a key supplier to the AN/MS market, serving a global and diverse customer base of aerospace distributors and service providers. The HK assets will become part of Permaswage within its US operations located in Los Angeles, California.

Permaswage is backed by Bridgepoint, a leading international private equity firm.