Raymor Aerospace Inc., a wholly owned subsidiary of Raymor Industries Inc., has purchased SE Techno Plus Inc., a company specializing in the manufacturing, repair and precision grinding with super finishing of industrial and aerospace components. This strategic acquisition reportedly will allow Raymor Aerospace to implement its one-stop-shop facilities for its coating services in the aerospace and industrial sectors and develop a larger market presence for Raymor's other subsidiaries. According to the company, certain major manufacturers in the aerospace sector for which Raymor has recently been accredited require this additional service. The purchase is estimated to generate a 20% return on capital for Raymor and the transaction is expected to be accretive to earnings.
For more information, visit
Raymor Buys SE Techno Plus - Posted 2/20/08
February 20, 2008