M&A Deal Summary

Avcorp Acquires Hitco Carbon Composites

On July 20, 2015, Avcorp acquired aerospace company Hitco Carbon Composites from SGL Carbon

Acquisition Highlights
  • This is Avcorp’s 1st transaction in the Aerospace sector.
  • This is Avcorp’s 1st transaction in the United States.
  • This is Avcorp’s 1st transaction in California.

M&A Deal Summary
Date 2015-07-20
Target Hitco Carbon Composites
Sector Aerospace
Buyer(s) Avcorp
Sellers(s) SGL Carbon
Deal Type Divestiture

Target

Hitco Carbon Composites

Gardena, California, United States
Hitco Carbon Composites, Inc. is a provider of composite parts for commercial and military aerostructures. This includes all inventories, equipment, tooling and other fixed assets, intellectual property, contractual rights, good will, accounts receivable, and work in progress.

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Buyer(S) 1

Buyer

Avcorp

Delta, British Columbia, Canada
Category Company
Sector Aerospace
Revenue 99M CAD (2021)
DESCRIPTION

Avcorp is a designer and builder of major airframe structures for aircraft companies, including BAE Systems, Boeing and Bombardier. Avcorp was incorporated in 1991 and is headquartered in Delta, Canada

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

SGL Carbon

Wiesbaden, Germany
Category Company
Founded 1878
Sector Chemicals
Employees4,753
Revenue 1.1B EUR (2023)
DESCRIPTION

SGL Carbon is a manufacturers of products made using carbon. Its portfolio ranges from carbon and graphite products to carbon fibres and composite materials. Company have an in-depth materials, production, applications and engineering expertise, a comprehensive graphite and carbon fiber based product portfolio, and an integrated value chain from carbon fibers to composites. SGL Carbon was founded in 1878 and is based in Wiesbaden, Germany.

DEAL STATS #
Overall 1 of 3
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 3
State (California) 1 of 2
Country (United States) 1 of 2
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-23 Hitco Carbon Composites

Gardena, California, United States

Hitco Carbon Composites, Inc. is a provider of composite parts for commercial and military aerostructures. This includes all inventories, equipment, tooling and other fixed assets, intellectual property, contractual rights, good will, accounts receivable, and work in progress.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-08 Tokai COBEX

Wiesbaden, Germany

Tokai COBEX GmbH is a manufacturer of carbon and graphite products for the primary aluminum and iron making industry and other metallurgical smelting processes. Tokai COBEX’s core areas of expertise lie in the manufacture of cathodes, furnace linings, and carbon electrodes in premium quality and with maximum consistency. Tokai COBEXenjoys long-standing, trust-based partnerships with numerous customers around the world. Through innovative solutions, Tokai COBEX helps its customers create added value and optimize the total cost of ownership. A highly skilled team with years of experience in product development and application assists our customers with their technical knowledge and expertise. Tokai COBEX was formed in 2017 and is based in Wiesbaden, Germany with two plants in Poland and sales and technical services in China.

Sell -
Mergr

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