1/25/2016 7:53:00 PM
HEADLINES
ACQUISITION: Ascent Adds Gemcor to Assembly Line Offerings
Ascent Aerospace bolstered its automated assembly capabilities by adding Gemcor, which develops and manufactures automated fastening systems used by airframe manufacturers.
“The acquisition solidifies Ascent Aerospace’s position as one of the largest global players in the growing aerospace factory and assembly line integration market,” Ascent Aerospace stated.
Gemcor systems are used in the sub-assembly of aircraft wings, fuselages and nacelles, with the company having produced more than 2,200 automated fastening systems throughout its 78-year history.
West Seneca, NY-based Gemcor designs and manufactures automated fastening systems and part positioning solutions used in the assembly of aircraft components. The company was founded in Buffalo, NY, in 1937 by Thomas Speller Sr. Web: gemcor.com
“Being part of the Ascent Aerospace family will give Gemcor access to additional technical and engineering resources as well as accelerated internal investment enabling us to further expand our product offering while continuing to provide our customers with the excellent service they have come to expect,” said CEO Bill Mangus.
“While we will be growing Gemcor at their New York facility, we will also be using their worldwide base of machine installations to expand Ascent’s global footprint and strengthen our customer service,” commented Ascent CEO Brian Williams.
The transaction is expected to close during the first quarter of 2016.
Santa Ana, CA-based Ascent Aerospace provides factory and assembly line integration services, as well as automated assembly (drill and fastener installation) and composite machining assets. The company has factories, engineering offices, service centers and equipment installations located in North America, South America, Europe and Asia. Web: ascentaerospace.com
Ascent Aerospace is a wholly owned unit of AIP Aerospace, which provides aerospace composite machining centers, tooling systems, assembly & factory automation and integration, engineering services, high temperature composite parts and aircraft transparencies. Web: aipaerospace.com
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