Known as Wesco Aircraft until 2020, the company looks to right-size its debt amid reduced demand and ongoing litigation.
Latest In Aerospace
The acquisition of PCC bolsters GracoRoberts’ presence in the aerospace composites market, according to a news release.
Whelan has been acquired by Ajax Defense, a holding company that invests in small businesses in the aerospace and defense industries.
PTB Group joins Precision Aviation Group's engine services division.
ARCH Cutting Tools has acquired Cincinnati-based Custom Carbide Cutter Inc.
The merger, facilitated by a duo of private equity firms, will create a leading supplier in the aerospace industry.
ADS will rebrand following the acquisition, according to a news release announcing the deal.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
The companys planned actions will deliver $160 to $170 million in annual pre-tax cost savings, with approximately $25 to $35 million of savings projected in 2020.
Dexmet Corporation manufactures specialty materials for surfaces in aerospace, automotive and industrial applications.
Matrix Composites will expand ITT Connect and Control Technologies core aerospace product and technology capabilities.
Industrial sales were down 1.4% during the quarter.
Profit decreases 6.6% to $312 million.
Profits rise 1.1% to $1.4 million.
Industrial sales were down 19.4% year-over-year.
Company's fourth-quarter sales were down 10 percent year-over-year.
Company proposes closing UK manufacturing site in Stonehouse, England.
