B/E Aerospace to buy UFC Aerospace for $400 million
10 Jan 2012
B/E Aerospace Inc, the world's biggest supplier of aircraft interiors, yesterday agreed to a deal to acquire supply chain management company UFC Aerospace Corp, $400 million in cash in aimed at expanding its portfolio of services for the aviation industry.
New York-based UFC distributes over 150,000 stock keeping units including fasteners, chemicals, paints, sealants, tooling, and duct/bent tubing assemblies to over 1,000 customers.
Privately held UFC operates ffrom 17 locations around the world, some of which are near major aircraft manufacturers including Boeing and General Dynamics.
Florida-based B/E Aerospace is the world's leading manufacturer of aircraft cabin interior products and the world's leading distributor of aerospace fasteners and consumables.
It designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. Its manufactured products include aircraft cabin seating, lighting, oxygen, and food and beverage preparation and storage equipment.
The company also provides cabin interior design, reconfiguration and passenger-to-freighter conversion services.