Ducommun Acquires DynaBil Industries
Ducommun Inc. announced that it has acquired DynaBil Industries Inc., a privately held company based in Coxsackie, NY. DynaBil is a provider of titanium and aluminum structural components and assemblies for commercial and military aerospace applications. DynaBil’s sales in calendar year 2008 are expected to be approximately $43 M.
The purchase price for DynaBil was approximately $46.5 M in cash and notes, and remains subject to adjustment based on a closing balance sheet. DynaBil will become a part of Ducommun AeroStructures Inc. (DAS), an existing Ducommun subsidiary. The close similarities between DAS and DynaBil, especially in the areas of manufacturing, engineering, supply chain management, and sales and marketing, benefit both businesses by broadening their combined capabilities as a leading supplier of aerostructures to the aerospace industry.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “The acquisition of DynaBil is a great strategic fit for us as it adds to our titanium and aluminum assembly capabilities as well as enhancing our manufacturing processes in both metals. DynaBil expands our customer base and our content on key programs including the Sikorsky Blackhawk helicopter and Boeing 787 aircraft. We intend to pursue larger, value-added assembly contracts as a result of our increased assembly capabilities and customer base.”
Ducommun AeroStructures manufactures large, complex structural components and assemblies in aluminum, specialty alloys such as titanium, metal bond and composites for a wide variety of military and commercial aerospace applications.