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HEICO acquires innovative composites manufacturer

HEICO Corporation today announced that its Flight Support Group has acquired 100% of Carbon by Design, a rapidly growing manufacturer of composite components for UAVs, rockets, spacecraft and other specialized applications. The purchase price and financial details were not disclosed.

HEICO stated that it expects the acquisition to be accretive to its earnings within the first year following the acquisition.

Carbon by Design is led by Dominick Consalvi, who co-founded the company in 2003. The company engineers and manufactures hard-to-design and produce complex carbon composites for commercial launch vehicles and spacecraft, as well as multiple UAV manufacturers. Mr. Consalvi will continue to head Carbon by Design, which will join HEICO's Specialty Products Group, a leader in composites for commercial aviation and defense applications. Carbon by Design's 75 team members and the entire management team is expected to remain with the company in their existing roles. HEICO stated that it does not expect any employee turnover to result from the acquisition.

Laurans A. Mendelson, HEICO's Chairman and Chief Executive Officer, and Eric A. Mendelson, HEICO's Co-President, jointly commented, "Carbon by Design continues our expansion in proprietary composites solutions for extremely demanding technical requirements. Dominick has differentiated Carbon by Design with creative and cutting-edge high-tech processes, and broadens our offering to the commercial aviation market, and the growing space launch, satellite and UAV markets. We welcome the entire Carbon by Design team."

Dominick Consalvi states "I am proud of the innovative solutions developed at Carbon by Design and look forward to sharing technologies and gaining operational depth within the HEICO family."

Press release issued by Heico Aerospace on June 20, 2017

 

 Contact details from our directory:
Heico Aerospace Aircraft Structural Components, Metal Structures, Combustion Chambers, Engine Parts
Carbon by Design Composite Structures, Additive Manufacturing, Project Management Consultants, Reinforced Composite Molding Compounds, Prototyping, Composite Manufacturing Services

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