1/27/2012 2:19:00 PM
HEADLINES
B/E Aerospace To Acquire Logistics Services Provider UFC
B/E Aerospace signed a definitive agreement to acquire UFC Aerospace Corp., which provides of supply chain management and inventory logistics solutions to aerospace OEMs, for $400 million cash. The price represented a multiple of approximately 9.5 times adjusted 2011 EBITDA, plus the estimated net present value of the tax benefits from tax deductible goodwill.
UFC distributes over 150,000 SKUs including fasteners, chemicals, paints, sealants, tooling, and duct/bent tubing assemblies to over 1,000 customers.
“The acquisition of UFC substantially expands our capability to offer creative and differentiated supply chain solutions, value-added inventory logistics services such as 3PL and 4PL programs, and customized kitting solutions, as well as further expanding our broad consumables product offering,” stated B/E CEO Amin Khoury.
As a result of the expected accretive nature of this transaction, B/E Aerospace announced that it is increasing its 2012 earnings per share guidance by approximately $0.10 per diluted share to approximately $2.75 per diluted share.
Headquartered in Holtsville, NY, UFC operates facilities in New York, Arizona, California, Florida, St. Louis, Texas, Utah, Washington, Quebec, the UK and Singapore. Web: ufcaero.com
B/E Aerospace reported sales in its Consumables Management segment, including fasteners, climbed 23.6% to $238.7 million during the third quarter of 2011, while segment operating earnings rose 17.5% to $47.6 million.
Nine-month Consumables Management revenue grew 24% to $709.4 million, with operating earnings rising 21.6% to $140.5 million.
As the world’s leading distributor of aerospace fasteners and consumables for the commercial, business jet, and military markets, B/E Aerospace stocks more than 400,000 parts in 40 locations worldwide. Web: beaerospace.com ©2012 GlobalFastenerNews.com
B/E Aerospace signed a definitive agreement to acquire UFC Aerospace Corp., which provides of supply chain management and inventory logistics solutions to aerospace OEMs, for $400 million cash. The price represented a multiple of approximately 9.5 times adjusted 2011 EBITDA, plus the estimated net present value of the tax benefits from tax deductible goodwill.
UFC distributes over 150,000 SKUs including fasteners, chemicals, paints, sealants, tooling, and duct/bent tubing assemblies to over 1,000 customers.
“The acquisition of UFC substantially expands our capability to offer creative and differentiated supply chain solutions, value-added inventory logistics services such as 3PL and 4PL programs, and customized kitting solutions, as well as further expanding our broad consumables product offering,” stated B/E CEO Amin Khoury.
As a result of the expected accretive nature of this transaction, B/E Aerospace announced that it is increasing its 2012 earnings per share guidance by approximately $0.10 per diluted share to approximately $2.75 per diluted share.
Headquartered in Holtsville, NY, UFC operates facilities in New York, Arizona, California, Florida, St. Louis, Texas, Utah, Washington, Quebec, the UK and Singapore. Web: ufcaero.com
B/E Aerospace reported sales in its Consumables Management segment, including fasteners, climbed 23.6% to $238.7 million during the third quarter of 2011, while segment operating earnings rose 17.5% to $47.6 million.
Nine-month Consumables Management revenue grew 24% to $709.4 million, with operating earnings rising 21.6% to $140.5 million.
As the world’s leading distributor of aerospace fasteners and consumables for the commercial, business jet, and military markets, B/E Aerospace stocks more than 400,000 parts in 40 locations worldwide. Web: beaerospace.com ©2012 GlobalFastenerNews.com
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