Zodiac Aerospace has signed an agreement to buy Sell GmbH (“Sell”) from the Premium Aircraft Interiors Group (“PAIG”). The transaction is subject to anti‐trust authorization, and its closing is expected to occur before the end of 2010.

Sell is a leading designer and manufacturer of premium aircraft galleys and galley insert equipment and provider of associated services for the global commercial aerospace industry. Sell has 50 years of experience in aerospace and is supplying a wide variety of galleys for major airlines and aircraft manufacturers. Sell also develops a wide range of galley electrical inserts like ovens, coffee makers or boilers. With Sell, Zodiac Aerospace will be able to propose a full and competitive range of products to airlines and aircraft manufacturers, and with this facility in Germany will move closer to its customer Airbus.

Sell is based in Herborn, Germany and has 1250 employees. The company generated revenues of €179 million in 2009. Revenues and profitability are expected to further increase in the coming years, notably supported by the growth of the commercial aircraft galleys market, as well as the increasing demand for electrical galley inserts.

This transaction will reinforce Zodiac Aerospace worldwide leadership position in cabin interiors, and is fully in line with the group’s strategy to expand in this growing market, after the acquisitions of C&D Aerospace in 2005 and of Driessen Aerospace in 2008.