TECT Aerospace to Acquire Everett, Wash. Manufacturing Facility

PARIS, June 22, 2011 /PRNewswire/ -- TECT Aerospace, a global leader in aerospace component manufacturing, announced today that it has entered into a lease, with an option to buy, of a new manufacturing building in Everett, Wash. The facility, located at 1515 75th Street SW in Everett is 157,000 square feet and will enable TECT Aerospace to consolidate two existing Seattle-area facilities in Everett and Woodinville into the new location. There will be no impact on employment and financial terms were not disclosed.

"This is a great opportunity for TECT Aerospace to consolidate operations in the Seattle area into a single, lean manufacturing facility that can support the future growth needs of our customers," said Pete Knapper, president of TECT Aerospace. "It also reaffirms our long-term commitment to manufacturing in the Seattle area."

About TECT

TECT is a family of privately held, independently managed aerospace companies currently consisting of the TECT Aerospace and TECT Power business units. With more than 115 years of continuous operations, the TECT businesses have a unique blend of business processes, equipment, and proprietary manufacturing capabilities that have earned them leading positions in many of their product niches. TECT's philosophy of utilizing a fully integrated supply chain allows them to deliver precision components and assemblies to customers worldwide with unmatched quality and speed. To learn more, visit www.tectcorp.com.

SOURCE TECT Aerospace