Wesco Aircraft Completes Interfast AcquisitionFriday, July 6, 2012
Aerospace parts distributor and supply chain services provider Wesco Aircraft Holdings Inc. has completed its acquisition of a Canadian company as part of an effort to sell to the aircraft maintenance and repair market.
Valencia-based Wesco paid $130 million for the assets of Interfast Inc., of Toronto.
The acquisition will accelerate the growth of Wesco in the North American and Asian markets, strengthen relationships with existing aerospace customers, and support a new maintenance, repair and overhaul business, said President and CEO Randy Snyder.
Interfast distributes specialty fasteners, fastening systems and production installation tooling for the aerospace, electronics and general industrial markets.
Mark R. Madler