B/E Aerospace buys Honeywell unit
B/E Aerospace, a US-based company that is #1 in aircraft cabin interiors, announced it would buy Honeywell's airline fastener and gasket unit, called Consumables Solutions. The division is a leader in replacement parts for aircraft maintenance and has a service to expedite parts, its own and others, to airline service centers worldwide. The deal is for $1.05 billion.
Over the years, B/E Aerospace has bought a series of around 20 companies in the last few decades, carefully expanding its hold on the cabin interior market. It is already a player in the fasteners market, For example in 2006 it acquired Draeger Aerospace PLC, a maker of oxygen systems for airplanes, and New York Fasteners, yet another fastener company At least one reports says that B/E will have over 85% share of the airplane fastener market.
The move comes s a number of airlines have announced he grounding of significant numbers of planes, while some smaller airlines have gone out of business.
Honeywell says that the sell-off is part of its plan to move to more high-tech airplane parts, including enegines and landing gear, Once again, the desire for a larger company to refocus on high margins is the opportunity for a small firm to dominate a market niche.
10:18:39 PM 
|
|
