M&As this week: Aerostar, United Flexible Technologies

2 June 2016 (Last Updated June 2nd, 2016 18:30)

Aerostar Aerospace Manufacturing, LLC has purchased US-based precision component manufacturer Warmelin Precision Products in order to expand its business.

Aerostar Aerospace Manufacturing, LLC has purchased US-based precision component manufacturer Warmelin Precision Products in order to expand its business.

"Aerostar Aerospace manufactures and supplies precision machined components primarily for defence and aerospace industries."

Headquartered in Arizona, US, Aerostar Aerospace manufactures and supplies precision machined components primarily for defence and aerospace industries.

A definitive merger agreement has been signed by United Flexible Technologies, Inc for the acquisition of Arlington Capital Partners' portfolio company Kreisler Manufacturing Corporation.

Under the terms of the agreement, United Flexible Technologies will buy Kreisler Manufacturing's shares at $1.19 per share.
Headquartered in the US, Kreisler Manufacturing produces precision metal products for aircraft engines.