in General Aviation

Heico acquires composites manufacturer

Posted 20 June 2017 · Add Comment

Heico has announced that its Flight Support Group has acquired 100% of Carbon by Design, a rapidly growing manufacturer of composite components for UAVs, rockets, spacecraft and other specialised applications. The purchase price and financial details were not disclosed.

Heico stated that it expects the acquisition to be accretive to its earnings within the first year following the acquisition.

Carbon by Design is led by Dominick Consalvi, who co-founded the company in 2003. The company engineers and manufactures hard-to-design and produce complex carbon composites for commercial launch vehicles and spacecraft, as well as multiple UAV manufacturers.

Consalvi will continue to head Carbon by Design, which will join Heico’s Specialty Products Group, a leader in composites for commercial aviation and defense applications. Carbon by Design’s 75 team members and the entire management team is expected to remain with the company in their existing roles.

Heico stated that it does not expect any employee turnover to result from the acquisition.

Laurans A. Mendelson, Heico’s chairman and chief executive officer, and Eric A. Mendelson, Heico’s Co-President, jointly said: “Carbon by Design continues our expansion in proprietary composites solutions for extremely demanding technical requirements. Dominick has differentiated Carbon by Design with creative and cutting-edge high-tech processes, and broadens our offering to the commercial aviation market, and the growing space launch, satellite and UAV markets. We welcome the entire Carbon by Design team.”

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

SAA retains 4-Star Skytrax ranking

South African Airways (SAA) has maintained a 4-Star Skytrax ranking, in both Business and Economy Class, for a 16th consecutive year.

Aviation Africa 2018: Cyber security: Not if, but when

An airline’s greatest cyber-security threat may also be its most precious asset – its staff – according to panellists speaking at Aviation Africa in Cairo. Victoria Moores reports.

Aviation Africa: MROs eye tremendous market in Africa

Speaking at the Aviation Africa MRO panel Hisham Ali, consultant to the Chairman of Egypt Air, said that African MRO market is growing. Africa represents four percent of the global 25,368 fleet and 3.9 percent of global 75.6 billion USD

Aviation Africa 2018 gets under way in Cairo

The Aviation Africa Summit and Exhibition 2018 is under way in Cairo with over 980 delegates and visitors at the two-day event.

On board with quality

Systems manufacturer Liebherr-Aerospace enjoys an unblemished reputation for quality, thanks to hard work, continuous investment and a long-term vision. Chuck Grieve has been finding out more.

Airbus pushes mission-critical standard solutions for 5G networks

Airbus will intensively contribute to the next steps in finding a global standard for mission-critical multimedia group communication.

TAA SK0902311218
See us at
AirCargoAFA_BT220318210219Global Aerospace BT010518AAD2018 BT