NetComposites
Advanced Engineering 2018

Ducommun Inc. Completes Acquisition of Composite Structures

14 June 2001


Ducommun has completed the acquisition of Composite Structures LLC.

Composite Structures had sales in calendar year 2000 of approximately $60 million. The purchase price for Composite Structures, including indebtedness assumed, was approximately $54 million in cash and notes, and remains subject to adjustment based on a closing balance sheet.

Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, ""While the aerospace and defense prime contractors have gone through a period of dramatic consolidation, their subcontractor base remains extremely fragmented. The acquisition of Composite Structures is a great strategic fit for us as it fills out our array of capabilities in aerostructures, as well as vaulting us into the top tier of aerostructures subcontractors, both in terms of size and complex capabilities. It is our intention to pursue larger, value-added assembly contracts as a result of our increased engineering and assembly capabilities.""






Related / You might like...

Lanxess Provides Thermoplastic Solutions for Drones

The Lanxess High Performance Materials (HPM) business unit presented a drone propeller made of short glass fibre reinforced Durethan polyamide 6 at Chinaplas 2018.

Haydale Supplies Graphene for Juno UAV

Haydale has supplied graphene enhanced prepreg for Juno, a 3 m wide composite-skinned unmanned aerial vehicle (UAV), which was revealed during Futures Day at the 2018 Farnborough Air Show.

Premium Aerotec, Faurecia and Solvay Launch Thermoplastic Composites Consortium

Premium Aerotec, Faurecia Clean Mobility and Solvay have launched the research group IRG CosiMo: Composites for Sustainable Mobility, which will focus on the development of materials and process technologies to enable the high volume production of thermoplastic composites for the aerospace and automotive markets.