CHARLOTTE, N.C., Sept. 22, 2010 /PRNewswire-FirstCall/ -- Goodrich
Corporation (NYSE: GR) has completed the acquisition of the Cabin
Management assets of DeCrane Holdings Co., a leading provider of
seating, furniture, veneers and cabin management systems for the
business jet market. The purchase price was approximately
$280 million.
Goodrich had announced its intentions to acquire DeCrane's Cabin
Management assets on August 3, 2010.
Details on the transaction can be found on the Goodrich press
release issued that day; click here to read in its entirety.
DeCrane Cabin Management employs approximately 850 people at six
facilities located throughout the U.S. Major customers include
business jet manufacturers such as Bombardier, Cessna, Dassault,
Embraer, Gulfstream and Hawker Beechcraft. Primary products
include aircraft seats, molded composites, custom cabinetry, custom
veneers and furniture, cabin management systems and inflight
entertainment systems.
The Cabin Management assets become part of Goodrich's Interiors
Strategic Business Unit, within its Nacelles and Interior Systems
Segment.
Goodrich Corporation, a Fortune 500 company, is a global
supplier of systems and services to aerospace, defense and homeland
security markets. With one of the most strategically
diversified portfolios of products in the industry, Goodrich serves
a global customer base with significant worldwide manufacturing and
service facilities. For more information visit
http://www.goodrich.com.
Goodrich Corporation operates through its divisions and as a
parent company for its subsidiaries, one or more of which may be
referred to as "Goodrich Corporation" in this press
release.
SOURCE Goodrich Corporation; GR - Nacelles and Interior
Systems