Ducommun Incorporated has completed its acquisition of BLR Aerospace through its subsidiary Ducommun LaBarge Technologies. Ducommun had previously announced the signing of an agreement for the acquisition on 21 March.
“I am pleased that the acquisition has now closed and would like to welcome the BLR team to Ducommun,” says Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated. “BLR's product offerings further strengthens our engineered products portfolio at the company and adds as well very important aftermarket business.”
Founded in 1992, BLR is a leading provider of aerodynamic systems that enhance the productivity, performance and safety of rotary- and fixed-wing aircraft on commercial and military platforms. BLR has a rich heritage and proud legacy of aerodynamic leadership that dates back to its origin as Boundary Layer Research and currently offers a comprehensive portfolio of products that includes FastFin systems, winglet systems, propellers and flow modifiers. BLR's solutions are intended to increase an aircraft's overall productivity, performance and safety, while fundamentally improving its operating characteristics and expanding the mission set of various aircraft families.
Ducommun financed the acquisition with its existing revolving credit facility.