SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2005
TAT TECHNOLOGIES LTD.
(Name of Registrant)
P.O.BOX 80, Gedera 70750 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-___________
TAT Technologies Ltd.
6-K Items
1. Press release re TAT Technologies Ltd. Acquires Piedmont Aviation
Component Services, LLC, a Leading North Carolina-Based Fully Licensed
Aviation Repair Station dated July 7, 2005.
ITEM 1
Press Release Source: TAT Technologies Ltd.
TAT Technologies Ltd. Acquires Piedmont Aviation Component Services, LLC, a
Leading North Carolina-Based Fully Licensed Aviation Repair Station
Thursday July 7, 9:18 am ET
GEDERA, Israel, July 7 /PRNewswire-FirstCall/ -- TAT Technologies Ltd. (NASDAQ:
TATTF - News) - today announced the acquisition of Piedmont Aviation Component
Services, LLC, a North Carolina-based aviation repair Station engaged in the
repair and overhaul of various aircraft accessories, through it's fully owned
subsidiary Limco Airepair Inc.
Piedmont had revenues of approximately $27.0 million in 2004.
With this acquisition TAT and its Oklahoma-based subsidiary, Limco Airepair,
Inc., have significantly increased its presence in the aircraft overhaul, repair
and maintenance markets. Piedmont, a private company based in Kernersville,
North Carolina, is a recognized leader in the overhaul, repair, maintenance,
service and supply of propellers, landing gear and APU/LRU units in the regional
market. Under the terms of the acquisition, TAT paid $5.3 million for Piedmont
and repaid $11 million of outstanding indebtedness. TAT funded this acquisition
through equity and bank loans.
"Piedmont brings to TAT the business, facilities and expertise that will provide
us with a broader foundation to expand our presence in the overhaul, repair and
maintenance industry, said Israel Ofen, Executive Vice President of TAT." "In
combination with Limco Airepair, Inc. we now are a major participant in the
overhaul, repair and maintenance industry. The addition of Piedmont should be
accretive to our revenues in 2005," concluded Mr. Ofen.
About TAT Technologies Ltd.
TAT Technologies Ltd. is engaged in the manufacture and sale of heat transfer
equipment used in mechanical and electronic systems on-board commercial and
military aircraft and in other electronic equipment. These systems include
environmental control, avionics cooling and other mechanical and electronic
systems which generate heat during operation that must be removed and dissipated
in order to function properly. TAT is also engaged in the remanufacture,
overhaul and repair of heat transfer equipment and other aircraft components
manufactured by TAT and other companies. TAT also manufactures, sells and
services certain related products for use in aircraft and electronic systems.
About Limco Airepair, Inc.
Limco Airepair, Inc. is a world leader in the aerospace industry, serving
customers as both an after market repair station and OEM manufacturer. Its
repair services extend to components of other manufacturers, providing a full
range of capabilities for the commercial , military, regional and general
aviation markets. Limco's heat transfer repair sub-division specializes in after
market repair of heat transfer equipment in the aerospace industry. Services
include testing, minor repair, overhaul, and remanufacturing of heat exchanges,
oil coolers, condensers, reheaters, precoolers, ozone converters, fuel heaters,
and evaporators. Limco's OEM division specializes in highly efficient plate-fin
heat exchangers, oil coolers, condensers, fuel heaters, precoolers, complete
environmental control systems, cold plates, and cooling system for electronics.
About Piedmont Aviation Component Services, LLC
Piedmont Aviation Component Services, LLC offers extensive component maintenance
and overhaul capability for mainly, the regional market and also for commercial,
corporate and general aviation industry , having facilities in North Carolina
and with regional sales representatives worldwide. Piedmont is a FAA and EASA
Part 145 Repair Station with nearly 60 years of experience in propeller and
landing gear overhauls, and over 20 years of experience in Honeywell auxiliary
power units (APU) and related component overhauls. Piedmont is one of the most
reputable FAA repair stations. With a customer base encompassing all segments of
aviation, Piedmont provides component repair and overhaul services to clients
around the globe.
Company Contact: Mr. Israel Ofen
E.V.P. and Chief Financial Officer
+972-8-8595411
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TAT TECHNOLOGIES LTD.
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(Registrant)
By: /s/Israel Ofen
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Israel Ofen
Executive Vice President and
Chief Financial Officer
Date: July 7, 2005