US-based component supplier TransDigm has signed a deal to purchase the assets of Pexco’s aerospace arm for $496m.
Atlanta-based Pexco Aerospace manufactures thermoplastic components for commercial aircraft interiors, including all active Boeing aircraft.
Products include: air distribution units; panel edge trims; kick strips; and lenses for aircraft lighting.
Nicholas Howley, chairman and CEO of TransDigm said the acquisition of Pexco Aerospace fitted in with the company’s overall business strategy which has also seen it buy German firm Franke Aquarotter and AAR subsidiary Telair Cargo in recent months.
Howley said: “The commercial aftermarket is currently approaching 35 per cent of [Pexco Aerospace] revenue, but we expect that percentage to grow to close to 60 per cent over the next five years as the 787 and Boeing Sky Interior of 737 become an increasing share of the installed fleet.”