DeCrane Aircraft Holdings Inc. Acquires The Aviart Group Manufacturing Operations.Business Editors 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)--June 19, 2000 DeCrane Aircraft Holdings Inc. Monday announced that it had finalized See finalization. its acquisition of San Antonio-based Aviart Group's manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . The newly acquired entity will be named DeCrane Aircraft Furniture Co., L.P. The addition of this facility, which provides upholstery, cabinetry cab·i·net·ry n. Cabinetwork: finely detailed cabinetry. Noun 1. cabinetry - the craft of making furniture (especially furniture of high quality) cabinetwork and finishes including technical, strategic and administrative support, will enhance the DeCrane family of companies with expanded capability and capacity. The Aviart Group owner Harold Wood This article is about the place in Havering. For the Methodist missionary, see A. Harold Wood. Coordinates: Harold Wood is a place in the London Borough of Havering, East London, England. and President John (Skip) McBrine, currently employ 115 people and operate a 90,000 square foot facility. DeCrane plans to complete Aviart's existing contracts and immediately provide an added workload while increasing employment opportunities at the facility. 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 focused on strategic acquisitions of leading aircraft component manufacturers whose products and technologies complement each other. They can be found on the Internet at www.decraneaircraft.com. DeCrane Aircraft Holdings 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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