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HEICO To Acquire Aerospace Component Manufacturer Reinhold Industries

Defense Daily Staff Defense Daily Staff
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HEICO Corp. [HEI.A] yesterday said it has agreed to acquire Reinhold Industries, a designer and manufacturer of niche components and composite assemblies for commercial aviation, defense and space applications, expanding its product line. Terms of the deal, which is expected to close in June following regulatory reviews, were not disclosed. HEICO, which makes and repairs aircraft parts and electronics, said the deal is expected to be accretive to earnings within the first year of closing. Reinhold, which is currently owned…

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