Goodrich Corp. completes acquisition of Skyline Industries, Inc.
January 21, 2008 By Corrie
Jan. 21, 2008 - Goodrich Corporation yesterday announced the acquisition of Skyline Industries, Inc. (Skyline), a leading manufacturer of lightweight crashworthy military helicopter seats and helicopter floor armor.
Jan. 21, 2008 – Goodrich
Corporation yesterday announced the acquisition of Skyline
Industries, Inc. (Skyline), a leading manufacturer of lightweight
crashworthy military helicopter seats and helicopter floor armor. Terms
of the acquisition were not disclosed.
Skyline employs around 40 people at its Fort Worth,
Texas facility. Major customers include the U.S. Department of Defense,
Eurocopter, Bell Helicopter and Boeing. The company began operations in
1960, and in 2007 generated approximately $7 million in revenue.
"Skyline's proven military helicopter seating
technology is a great complement to Goodrich's strong fixed wing
aircraft seating capabilities. This acquisition provides Goodrich with
additional presence in the high-growth helicopter market and is
expected to be accretive to earnings in 2008," said Cindy Egnotovich,
Segment President, Nacelles and Interior Systems at Goodrich. "These
technically advanced, reliable seats now join advanced products such as
rescue hoists, vehicle health management systems, FADECs and threat
detection systems as part of our broad military helicopter portfolio."
Skyline will become part of Goodrich's Interiors business.
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 .