HOLLYWOOD, Fla., 7 May 2013. Executives of HEICO Corp. in Hollywood, Fla., are boosting their company's expertise in missile defense and commercial aviation with their acquisition of Reinhold Industries Inc. in Santa Fe Springs, Calif.
HEICO officials today announced they have entered into a definitive agreement to acquire Reinhold Industries from The Jordan Co. L.P. investment firm, and Reinhold management. Reinhold will become part of HEICO’s Flight Support Group. Financial details were not disclosed.
HEICO supplies FAA-approved engine and component parts, repairs large commercial and regional aircraft components and structures, provides FAA-approved component parts, and distributes replacement parts. Reinhold, meanwhile, makes advanced custom composite components and sheet molding compounds for defense, aerospace, and commercial applications.
A majority of Reinhold’s revenue comes from commercial aircraft components such as its composite commercial aircraft seatbacks, HEICO officials say. Reinhold also provides components for missile defense systems.
“Reinhold’s significant presence on key missile defense programs is attractive to HEICO, especially given that a sizable portion is for systems being purchased by foreign government allies of the United States who need to create or strengthen their missile defense protections," says Laurans Mendelson, HEICO’s chairman and CEO.
HEICO Corp. is engaged primarily in niche segments of the aviation, defense, space, medical, telecommunications and electronics industries through its Hollywood, Fla.-based Flight Support Group and its Miami-based Electronic Technologies Group.