
The Varley Group, an Australian engineering company that that competes in a number of industries, has established a subsidiary in the United States with an initial goal of acquiring a manufacturing company to help position it for long-term growth in the U.S. defense market. Varley USA expects to secure its first deal around mid-2015, Jeff Phillips, CEO of The Varley Group, told Defense Daily in an interview on Thursday. The initial acquisition will have to be in the company’s base,…