TransDigm Group Inc has entered into a definitive agreement to acquire the assets of the aerospace business of Pexco LLC for approximately US$496 million in cash.

Pexco Aerospace is a global leader in the manufacturing of extruded plastic interior parts for use in the commercial aerospace industry. Nearly all its revenue comes from the commercial transport market. The business employs approximately 300 people in two locations in Yakima, Washington and Huntington Beach, California. 

Attractive positions

‘Pexco Aerospace is a leading proprietary aerospace manufacturer with attractive positions on all active Boeing platforms and a significant and growing commercial aftermarket,’ said W. Nicholas Howley, chairman and CEO of TransDigm Group. ‘The commercial aftermarket is currently approaching 35% of revenue but we expect that percentage to grow to close to 60% over the next five years as the Boeing 787 and Boeing Sky Interior of 737 become an increasing share of the installed fleet.’

This story is reprinted from material from TransDigm, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.