Download and read the November 2024 issue of the A&D Manufacturing Monthly, covering the latest M&A deal activity and valuation trends in the aerospace & defense manufacturing sector, which includes companies with capabilities such as precision machining, forming, sheet metal fabrication, tube bending, welding, brazing, plating, heat treatment, metal finishing, injection molding, composite manufacturing, testing, inspection and assembly. Sign up for the A&D Manufacturing Monthly distribution list to stay up-to-date on the headline acquisitions impacting your market and the current dynamics of the publicly traded strategic companies within the industry.
Key A&D Manufacturing Deals Announced
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Description
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Aircraft Ordinance Tennessee Business
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Target: Jonesborough, TN-based AOT Business of L3Harris is a provider of advanced specialty materials, fabrication and high-strength alloy manufacturing, including depleted uranium engineered products. The company is the sole provider of depleted uranium to the U.S. government and produces other specialized materials.
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Buyer: Lynchburg, VA-based BWX Technologies is a provider of nuclear technology and components for national security, clean energy, and medical applications. The company supports government and commercial customers with precision-engineered solutions for complex challenges.
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Terms: Transaction announced on November 4, 2024. Purchase price is expected to be $100M, 2.5x TTM Oct-24 revenue.
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Target: Montrose, CO-based Gordon Plastics manufactures laminates and bar stock. The company offers unidirectional fiberglass with woven inlays, unidirectional fiberglass laminates and bar stock, high strength glass fiber laminates, unidirectional carbon fiber laminates and bar stock, and unidirectional fiberglass with 90 degree inlays. The company serves commercial, general industrial, and aerospace markets.
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Buyer: Morgan Hill, CA-based Toray Advanced Composites produces high-performance thermoplastic and thermoset composites for aerospace, automotive, and industrial markets. The company’s materials enable lightweight, durable, and sustainable designs in demanding applications. Toray Advanced Composites is subsidiary of Toray Industries.
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Terms: Transaction announced on November 4, 2024. Terms not disclosed.
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Target: Switzerland-based GF Machining Solutions specializes in high-precision manufacturing technologies, including milling, electric discharge machining (EDM), laser texturing, laser micromachining, and additive manufacturing. The company serves the aerospace, automotive, and medical device markets.
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Buyer: Switzerland-based United Grinding manufactures precision grinding machines for industries such as aerospace, automotive, and tooling. The company offers cutting-edge solutions for surface, cylindrical, and profile grinding to enhance production efficiency.
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Terms: Transaction announced on November 5, 2024. Purchase price is expected to be $750.6M.
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Target: Switzerland-based Schmelzmetall is a producer of high-performance copper alloys. The company is known for its specialized copper alloys, including Beryllium-containing powders and other high-purity materials, which offer unique advantages in demanding applications.
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Buyer: Switzerland-based AMPCO METAL produces high-performance copper-based alloys for use in industries such as aerospace, automotive, and marine. The company provides durable and corrosion-resistant materials for challenging engineering environments.
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Terms: Transaction announced on November 6, 2024. Terms not disclosed.
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