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Business/Financial

HEICO Acquires Composites Manufacturer Carbon By Design

By Cal Biesecker

Tuesday, June 20th, 2017

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HEICO Acquires Composites Manufacturer Carbon By Design

Carbon by Design provides manufacturing services for unmanned aerial vehicles. Photo: HEICO

Aerospace and electronics manufacturer HEICO Corp. [HEI] on Tuesday said it has acquired Carbon by Design, a manufacturer of composite components for unmanned aerial vehicles (UAV), rockets, spacecraft and other applications, further expanding the company’s composites capabilities.Terms of the deal were not disclosed. HEICO said the acquisition is expected to be accretive to its earnings within the first year following closing of the transaction.“Carbon by Design continues our expansion in proprietary composites solutions for extremely demanding technical requirements,” Laurans Mendelson,…

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