This transition was in the best interest of the company and its stakeholders as we are now positioned to leverage the strength and capability of the AGC brand and wider product offerings
Oklahoma City, OK (PRWEB) December 11, 2012
AGC Aerospace & Defense is pleased to announce the acquisition of Paul Fabrications Ltd. Paul Fabs, established in 1937, and located in Derby UK, is an industry leader in the design and manufacture of complex, high precision, fabricated and machined metal parts and assemblies for both the aerospace and nuclear power refueling industries, and will add key structures capabilities to the AGC Composites & Aerostructures Group core competencies.
Al Haase, CEO of the AGC Composites & Aerostructures Group said, “Paul Fabs is an outstanding company with an excellent history of developing long term relationships with its customers and is known as a reliable provider of critical aerostructure parts and assemblies, including high temperature engine applications. This acquisition will enhance the capabilities within the group by expanding our international presence and providing high quality precision metal machining and assembly skills, which combined with our broad composites expertise, will continue to allow us to deliver value added high quality complex structures to our customers. We are pleased that the management team, led by Ingard Sagstad, will remain with the company.”
“This transition was in the best interest of the company and its stakeholders as we are now positioned to leverage the strength and capability of the AGC brand and wider product offerings”, stated Ingard Sagstad, President of Paul Fabs. Moving forward, the company will do business as Paul Fabs, an AGC Aerospace & Defense Company.
Paul Fabs has a rich history in precision manufacturing and assembly for high temperature applications, often involving exotic metals as well as bonded composites structures. Paul Fabs has key work statements on several major engine platforms for commercial and military aircraft. Paul Fabs also has a long heritage in supplying precise, engineered products for the nuclear refueling industry. Paul Fabs is an approved supplier for a wide variety of customers, and is a fully certified AS 9100 C and Nadcap approved company.
Representing the seller in the transaction was Thomas Murphy of Stifel, Nicolaus & Company.
The AGC Composites & Aerostructures Group includes the designers and manufacturers of advanced composites—both structural and nonstructural—as well as manufacturers of precision metal aerospace products and assemblies that demand specialized equipment, tooling and manufacturing processes.
AGC Aerospace & Defense is a global supplier of technologies, systems and services that support key commercial and military programs. Capabilities within the AGC Aerospace & Defense portfolio include: financing, engineering, integration services, manufacturing, logistics and aircraft modifications.
Johnny Lantz, Director of Marketing & Communications
AGC Aerospace & Defense
Phone: (405) 737-2676 ext. 2012