Global Earth Energy's (GLER) Partner Hawk Manufacturing to Acquire NQM, Inc. - An Aerospace Machine Shop
January 09 2014 - 9:30AM
Global Earth Energy, Inc.'s (OTCQB:GLER) partner Hawk Manufacturing
(HAWK), announces signing an agreement to acquire NQM, Inc., an
aerospace machine shop. The acquisition is expected to close on or
before March 1, 2014. HAWK expects to use existing financing
facilities of more than $25 million to close this transaction.
This company manufactures metals of all types used for the
aerospace industry and manufactures their own in house products for
the wire fencing industry.
Large manufacturers are seeking to outsource more production to
independent companies like NQM, which has excellent customer
service and reliability, leading to more business growth and
opportunities. Long-term agreements are in place for supplier work
on various Boeing and Airbus projects, including work on the 787,
737-800 and -900 and the 737MAX as well as A320neo, A350 and other
aircraft work.
GLER reports that HAWK's pending NQM, Inc. acquisition has
strength in this current economic environment, as they have added
over 250 new aerospace part numbers to their production schedule
this current calendar year.
Upon completing the NQM acquisition, HAWK should provide more
information to GLER at that time.
HAWK is acquiring companies that manufacture complementary
products. When combined, these acquisitions would allow for the
sharing of resources and provide customer diversification
opportunities. HAWK intends to keep all manufacturing US-based
preserving and expanding well-paying US jobs and proving a
world-class manufacturing company can be built with
US-employees. Hawk Manufacturing intends to use existing
credit facilities for more than $25 million to complete
transactions and intends to work with various states and local
governments and finance authorities on tax incentives, and direct
benefits that could top more than $40 million over the life of the
company.
For more information about Global Earth Energy please contact
Rich Kaiser, Business Consultant, YES INTERNATIONAL,
757-306-6090.
For more information about Hawk Manufacturing, please contact
John M. Ragsdale, CEO, Hawk Manufacturing at 843-817-6106.
This release contains forward-looking statements which involve
known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or
achievements of the Company to be materially different from
results, performance or expectations implied by these
forward-looking statements.
CONTACT: Rich Kaiser
YES INTERANTIONAL
757-306-6090