Subscribe Free
in Space

Heico acquires composites manufacturer

Posted 20 June 2017 · Add Comment

Heico has 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 specialised 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.

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 said: “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.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

VistaJet to move HQ to Dubai with new technology division

Dubai is to be the headquarters of a new business aircraft leasing and flight-booking technology company headed by the founder of VistaJet, Thomas Flohr.

On Air Dining recruits top executive chef

On Air Dining, the luxury executive in-flight concierge, has announced the appointment of Mark Brega as it’s executive chef.

Solvochem becomes a supplier of aviation gasoline in the Middle East

Solvochem, a supplier of chemicals, petrochemicals, solvents and plastics worldwide, has invested in state-of-the-art facilities for drumming aviation gas (AvGas) at its Jebel Ali location.

Riyadh is named as the headquarter for the Regional Safety Oversight Organisation for MENA

The General Authority of Civil Aviation (GACA) has announced the selection of the city of Riyadh as the headquarter for the Regional Safety Oversight Organisation for the Middle East and North Africa (RSOO – MENA).

Dammam full of Eastern promise

Saudi Arabia’s Eastern Province is being fired into life by ambitious plans for Dammam’s international airport, as Alan Peaford reports.

Jet Aviation to provide ground handling services in Yanbu, Saudi Arabia

Jet Aviation has received authorisation from the General Authority of Civil Aviation (GACA) in Saudi Arabia to provide handling services at Prince Abdul Mohsin Bin Abdulaziz Regional Airport in Yanbu, Saudi Arabia.

MNGJetSK2908121018
See us at
ASDubai BT1004091018AIME19BTA3005120219Cargo BT1004091018MEBAA BT1004121218Istanbul Airshow BT22018GATM BT1004061118MAPS18_BT1207131118Aviation Africa BT0607280219MarrakechAirshow BT2507241018BIAS BT271017161118