Aerospace company Heico Corporation’s Flight Support Group has acquired 100% of Carbon by Design, a manufacturer of composite components for UAVs, rockets, spacecraft and other specialized applications. The purchase price and financial details were not disclosed.
Heico stated that it expects the acquisition to be accretive to its earnings within the first year following the acquisition.
The company makes complex carbon composites for commercial launch vehicles and spacecraft, as well as drone manufacturers. The company will join Heico’s Specialty Products Group, which specializes in in composites for commercial aviation and defense applications. Carbon by Design’s 75 team members and the entire management team is expected to remain with the company in their existing roles.
‘Carbon by Design continues our expansion in proprietary composites solutions for extremely demanding technical requirements,’ said Laurans A Mendelson, Heico’s chairman and CEO, and Eric A. Mendelson, Heico’s co-president. ‘Dominick has differentiated Carbon by Design with creative and cutting-edge high-tech processes, and broadens our offering to the commercial aviation market, and the growing space launch, satellite and UAV markets.’
This story is reprinted from material from Heico, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.