BFGoodrich, Coltec merge.

Raw material supplier BFGoodrich, Charlotte, NC, recently finalized its merger with aerospace and industrial products manufacturer Coltec Industries - also of Charlotte - creating a $6 billion multi-industry company. The new entity will produce products for aerospace systems, performance materials and industrial markets. The merger is expected to provide BFGoodrich with growth, enhanced opportunities and better customer service.

Following terms of the merger, John Guffey, Jr., chairman and CEO of Coltec, will become executive vice president of BFGoodrich and president and COO of the industrial segment. Other personnel changes include the appointment of Marshall Larsen, who will become executive vice president of BFGoodrich and president and COO of the aerospace segment, while David Price, Jr. has been promoted to executive vice president of BFGoodrich and president and COO of the performance materials segment.