LISI AEROSPACE, a subsidiary of LISI Group, accelerates its development in
the Hydraulic Fittings market with the acquisition of the American company B&E
LISI Group today announces that it has signed an agreement to acquire 100% of
the shares of B&E Manufacturing.
B&E Manufacturing, based in Garden Grove, California, manufactures precision
quality hydraulic tube fittings used in conjunction with Aerospace, Commercial
and Military applications. The company was founded in 1981 by Larry Solinger
and has grown since then as a key player in the hydraulic fittings market
thanks to its technical expertise, deep customer relationship and highest
quality. With approximately 130 employees, it achieved a turnover of nearly 32
million dollars in FY 2020.
"With B&E Manufacturing, LISI AEROSPACE boosts its development in Aerospace
Hydraulic Fittings and strengthens its positions in North America. I am
convinced that bringing together the expertise of B&E and LISI AEROSPACE
innovation dynamics and operational excellence will be a powerful combination"
said Emmanuel NEILDEZ, CEO of LISI AEROSPACE.
This operation remains subject to the realization of the usual closing
conditions. It should be finalized in the coming weeks.