Summary
Senior, the listed Hertfordshire-based manufacturer of high technology components and systems, has expanded its aerospace division with the takeover of Steico Industries in a deal worth $90m (£59.2m).Steico, which employs more than 200 staff at its 112,000 sq ft facility in California, is a manufacturer of precision tube and duct assemblies for the commercial and defence aerospace industries. The company is on track to achieve revenues of $37.7m in its 2015 financial year.
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