M&A Deal Summary

Park Aerospace Acquires Nova Composites

On April 2, 2008, Park Aerospace acquired manufacturer Nova Composites for 5M USD

Acquisition Highlights
  • This is Park Aerospace’s 1st transaction in the Manufacturing sector.
  • This is Park Aerospace’s largest (disclosed) transaction.
  • This is Park Aerospace’s 1st transaction in the United States.
  • This is Park Aerospace’s 1st transaction in Washington.

M&A Deal Summary
Date 2008-04-02
Target Nova Composites
Sector Manufacturing
Buyer(s) Park Aerospace
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Nova Composites

Lynnwood, Washington, United States
Nova Composites, Inc. designs and manufactures aircraft composite structures and the tooling for such structures. These composite structures are manufactured with carbon, fiberglass and other reinforcements impregnated with formulated resins.

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Buyer(S) 1

Buyer

Park Aerospace

Westbury, New York, United States

website

Category Company
Founded 1954
Sector Semiconductors
Employees136
Revenue 54M USD (2022)
DESCRIPTION

Park Aerospace is a developer and manufacturer of high-technology digital and RF/microwave printed circuit materials (the Nelco(R) product line) and advanced composite materials (the Nelcote(R) product line) principally for the telecommunications and internet infrastructure, high-end computing and aerospace markets. Park Aerospace was founded in 1954 and is based in Westbury, New York.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-29 Dielektra

Cologne, Germany

Dielektra GmbH is a manufacturer of advanced electronic materials used to produce sophisticated multilayer printed circuit boards.

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