Wednesday, May 21, 2008
TAT Technologies Ltd. Closes a Transaction to Purchase 37% of the Outstanding Shares of Bental Industries Ltd. and an Option to Acquire Additional 18% of Bental
TAT Industries Ltd., the controlling shareholder of the Company, currently holds 15% of Bental. Accordingly, as of today, the TAT Group holds 52% of the outstanding shares of Bental and has the right to increase its controlling interest to 70%.
About Bental Industries Ltd.
Bental specializes in innovative motion technologies for military and
aviation purposes. It was established in 1983 and has approximately 140
employees. Bental is the leading supplier in its field to
About TAT Technologies Ltd.
TAT Technologies is principally engaged in the manufacture, repair and overhaul of heat transfer equipment, such as heat exchangers, precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems, electronic equipment and other applications. In addition, the Company manufactures aircraft accessories and systems such as pumps, valves, Power Systems, Turbines and overhauls aircraft Auxiliary Power Units (APUs), landing gears and propellers.