Log in to use our free company, program and sector update tracker feature.
 

Front page

Honeywell to sell its Consumables Solutions business to B/E Aerospace for $1.05 billion

Honeywell Aerospace (NYSE: HON) announced today that it signed a definitive agreement to sell its Consumables Solutions business to B/E Aerospace for $1.05 billion, consisting of at least $800 million in cash and the remainder in shares of B/E common stock. The transaction is expected to close in the third quarter subject to regulatory approval.

Consumables Solutions is a global distributor of aerospace fasteners and hardware, and provides custom logistics services to original equipment manufacturers, airlines, repair shops, flight service centers and distributors. The business generated 2007 revenues of $524 million.

"While Consumables Solutions is a growing business, it no longer fits with Honeywell Aerospace's strategic focus on more advanced technologies for the entire aircraft," said Rob Gillette, Honeywell Aerospace President and Chief Executive Officer. "B/E Aerospace's focus on the distribution of commodities makes this business a better place for Consumables Solutions' growth over the long-term. We look forward to working with B/E Aerospace under long-term supply and license agreements."

Press release issued by Honeywell Aerospace on June 12, 2008

 

 Contact details from our directory:
Honeywell Aerospace Air Conditioning Equipment, Air Conditioning Equipment, Cockpit Printers, Airborne Communication Systems, Cargo Systems, Airspeed Indicators, WAAS Equipment, Starter Generators, Bleed Air Systems, Air Purification Systems, Flight Management Systems, Engine Parts, Pneumatic Systems Equipment, Automatic Flight Control Systems, Inertial Components & Systems, Multi-Mode Receivers (MMR), Auxiliary Power Units, Cabin Pressure Control Systems, Autopilots, Cockpit Control Systems, Avionics Management Systems, Automatic Direction Finders, Distance Measuring Equipment, Transceivers, VOR (Omnirange) Receivers, Radio Communications Equipment, GPS, Attitude and Heading Reference Systems, Radar/Radio Altimeters, Terrain Awareness and Warning Systems, Horizontal Situation Indicator, Heading Indicators, Onboard Intercom Systems, Electronic Flight Instrument Systems, Flight Recorders, Collision Avoidance Systems/TCAS, Fly-by-Wire Systems, Air Data Computers, Cabin Management Systems, Weather Mapping Radar, Emergency Locator Transmitters, Radar Transponders, IFF Interrogators, Glide Slope Receivers, Weapons Countermeasures, LCD Displays, Moving Maps, Enhanced Vision Systems (EVS), Inflight Entertainment, Angle of Attack Indicators, Proximity Sensors
Rockwell Collins Cabin Interiors (B/E) Passenger Seating, Oxygen Systems, Galleys, Lavatory Equipment, Waste Water Systems, Water Systems, Aircraft Interiors, Galley Inserts, Crew Rest Modules, Inflight Entertainment

 

 Related directory sectors:
Mechanical Components
Cabin Interiors

Enhanced listings:


EWI
The leading engineering technology organization in North America dedicated to developing, testing and implementing manufacturing technologies for industry.

FGL Precision Ltd
FGL Precision manufactures fine quality components for the aerospace and defence markets where consistent performance is critical.

TenCate Advanced Composites
TenCate Advanced Composites is a leading provider of thermoset and thermoplastic prepregs to the aerospace industry.

ESPEC North America Inc. | Qualmark
Qualmark is your industry leading manufacturer and partner for accelerated reliability testing, HALT and HASS, for all commercial and defense avionics.

Bodycote
The world's leading provider of thermal processing services to aerospace primes and their supply chains.

See our advertising tariff.

 

8
data pages remaining in monthly quota for non-subscribers

© Airframer Limited, operated under licence by Stansted News Limited 2018. Terms & Conditions of reading. Privacy policy