DeCrane Aircraft Holdings Inc. Acquires Infinity Partners.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--Dec. 17, 1999-- DeCrane Aircraft Holdings Inc. ("DeCrane Aircraft") Friday announced the acquisition of The Infinity Partners ("Infinity"), a leading manufacturer of corporate aircraft interiors. Denton, Texas-based Infinity supplies interiors to Bombardier's Tucson completion center, corresponding with DeCrane's concept of offering "total cabin capability" by providing complete customized, pre-fit, pre-engineered interior kits and individual cabin components to corporate jet OEMs and independent completion centers. Infinity manufactures and fits cabinetry cab·i·net·ry n. Cabinetwork: finely detailed cabinetry. Noun 1. cabinetry - the craft of making furniture (especially furniture of high quality) cabinetwork in addition to installing contour panels for the Bombardier Challenger The Challenger is a family of mid-sized business jets produced by Bombardier Aerospace. The original Challengers were designed by Bill Lear as the LearJet 600 and produced by Canadair
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Infinity President Wayne Cecil, the company's future plans are focused on expanding capacity to meet the growing needs of Bombardier, its primary customer. R. Jack DeCrane, chief executive officer of DeCrane Aircraft commented, "We see Infinity as a perfect fit for our company. They are at the cutting edge of providing a complete cabin interior kit to the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and , and both of our companies will benefit from learning from each other." Cecil said he looks forward to working with the DeCrane companies. "With the combined capabilities of Infinity and the other DeCrane Aircraft Cabin An aircraft cabin is the section of an aircraft in which passengers travel, often just called the cabin. At cruising altitudes, the surrounding atmosphere is too thin to breathe without an oxygen mask, so cabin pressurization adapts the cabin to atmospheric pressures. Management companies, I am confident that we will be able to provide the highest level of service to our customers." Infinity Partners was founded in 1996 with eight employees. Today the company has two facilities totaling 58,000 square feet, with plans for further expansion next year. DeCrane Aircraft is a leading systems integrator for the corporate and commercial aviation industry and an innovator of total cabin management solutions. Founded in 1989, DeCrane Aircraft has strategically acquired leading aircraft component manufacturing companies whose products and technologies complement each other. DeCrane Aircraft Holdings Inc. is a subsidiary of DLJ Merchant Banking Partners DLJ Merchant Banking Partners (DLJMB) is a LBO-focused private equity firm of Credit Suisse. DLJMB has offices in New York, London and Los Angeles. External links
Note: Except for historical information contained herein, this document contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve known and unknown risks and uncertainties that may cause the Company's actual results or outcomes to be materially different from those anticipated and discussed herein. Further, the Company operates in an industry sector where securities values may be volatile and may be influenced by regulatory and other factors beyond the Company's control. Important factors that the Company believes might cause such differences are discussed in the cautionary statements accompanying the forward-looking statements in the Company's reports filed with the Securities and Exchange Commission. In assessing forward-looking statements contained herein, readers are urged to read carefully all cautionary statements contained in those filings with the Securities and Exchange Commission. |
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