GEDERA, Israel, February 21, 2012 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT - News, hereinafter: TAT/the Company), a leading provider of services and products to the commercial and military aerospace and ground defense industries, reported today that it has received an offer from Isal Amlat Investments (1993) Ltd. (" Isal"), its indirect controlling shareholder, to negotiate a potential re-organization of Isal and its subsidiaries (collectively, the " Group"), for the consolidation of the Group's industrial activity in the metal segment (the " Metal Business") with the Company's activity in the aviation market (the " Reorganization"), by way of a purchase by the Company of the Metal Business, according to the following general scheme (the " Plan") - KMN Industries (K.M.N) Ltd., an Israeli company controlled by Isal, shall transfer to the Company its entire holdings in the following companies, representing the Metal Business: (i) 80% of the issued and outstanding share capital of Avigdor Isal Industries Ltd. (" Avigdor"); (ii) 100% of the issued and outstanding share capital of Haglil Industries R.S. Ltd. (" Hagalil"); (iii) 100% of the issued and outstanding share capital of A.G.M. Tefen Ltd. (" AGM"); and (iv) 84% of the issued and outstanding share capital of Finkelstein Metals Ltd. (" Finkelstein"). Finkelstein is a manufacturer of continuous cast alloy and extrusion alloys made of bronze, aluminum bronze and special brass. Hagalil specializes in the manufacturing of precision rubber and metal rollers for various industries and sectors. Avigdor operates in metal working, having professional capabilities and a wide range of state of the art equipment. AGM specializes in all type of metal working including assembly and final assembly. Isal indicated in its offer that it believes that the Plan may contribute to the business of TAT due, inter alia, to operational synergies and the exploitation of the technological capabilities of the Metal Business for the expansion of the current business of the Company in the aviation and defense markets. Isal is in the process of preparing a detailed structure and terms of the Plan and will approach the Company with an updated and detailed offer.