Air Industries Group (NYSE: AIRI) Bay Shore, NY, has acquired Woodbine Products, an aerospace components manufacturer in Long Island, NY.
Woodbine will become part of Air Industries’ subsidiary, Welding Metallurgy, Inc.
Air Industries has tentatively agreed to acquire two other companies, one a fabricator of sheet metal components and the other a logistics company.
“This acquisition and the two others on which we have reached tentative agreements reflect our strategy of growth through acquisition, capitalizing on the increased pressure to consolidate to respond to the reality of reduced military spending.” said Peter Rettaliata, CEO of Air Industries.
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