latimes.com/news/wdbj7-blacksburgbased-moog-acquires-radford-company-20130409,0,2972086.story

latimes.com

Blacksburg-based Moog acquires Radford company

WDBJ7 Web Staff

2:39 PM PDT, April 9, 2013

RADFORD, Va.

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A Blacksburg company announced Tuesday that it has bought a company located in Radford.

Moog, which has three locations in Blacksburg, has acquired Aspen Motion Technologies, which is based in Radford. According to a news release from Moog, the purchase price is $34 million in cash.

Aspen is a subsidiary of Pentair. The company makes parts for motors. It was founded in 1996.
“The addition of the Aspen products fills a product and technology gap for our existing customer base,” Larry Ball, president of Moog Components Group, wrote in a news release. “Their engineering and manufacturing expertise not only brings us new opportunities, but also a number of valued customers that will add to our existing base.”

Moog makes parts that control planes, satellites, and space vehicles.

A Moog spokesperson says there are not any plans to change employment levels at the Blacksburg or Radford operations.