Southern Manufacturing

Textron's Bell Helicopter Acquires Acadian Composites

14 May 2004

Bell Helicopter, a unit of Textron Inc. has acquired Acadian Composites, the structural composite panel repair business of Petroleum Helicopters, Inc.

Acadian Composites will become part of Aeronautical Accessories, Inc., a Bell Helicopter business that provides extensive services for helicopter operators worldwide. Terms of the transaction were not disclosed.

Louisiana-based Acadian Composites specializes in the repair of metal bonded panels for a variety of civilian and military helicopters - an essential requirement in maintaining and extending the lifecycle of the aircraft.

“This acquisition is in total alignment with our strategy to expand capabilities and broaden our already world-class service offerings”, said Michael Redenbaugh, Chief Executive Officer of Bell Helicopter. “This is a natural fit -- both for us and for our customers -- not to mention an ideal location, as Louisiana currently has the second largest fleet of commercial rotorcraft in the country, representing a significant growth area”

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