Aviall to Acquire Aircraft Brake, Wheel Services Provider Sisu Services Inc.
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DALLAS, April 13 : Aviall, Inc., a wholly owned subsidiary of The Boeing Company (NYSE:BA), has reached an agreement to acquire certain assets of Sisu Services Inc., a premier supplier of aircraft brake and wheel services, parts and technical information.
Sisu Services, based in Crown Point, Ind., will operate as an independent business unit of Aviall Product Repair Services beginning April 16, 2007. The acquisition supports Aviall's growth strategy by expanding opportunities for high value services and parts sales.
"We are excited to welcome the employees of Sisu Services to Aviall," said Dan Komnenovich, Aviall Services president and COO. "Sisu has a proven track record of solid financial performance because of its focus on customer satisfaction. Aviall shares this dedication to customer service, and because of that, this will result in a powerful partnership."
Sisu Services Inc., founded in 1985, is a key provider of brake and wheel services for hundreds of corporate operators, FBOs, charter services and private aircraft owners. The company has 16 employees and serves customers in 42 states.
The companies are not disclosing terms of the transaction, which will not impact Boeing's financial guidance.
Aviall, Inc. is a wholly-owned subsidiary of Boeing Commercial Aviation Services, a unit of Boeing Commercial Airplanes, which is a unit of The Boeing Company. Aviall is a leading solutions provider of aftermarket supply-chain management services for the aerospace, defense and marine industries.
Aviall, which has headquarters in Dallas, is one of the world's largest providers of new aviation parts and related aftermarket operations. Aviall markets and distributes products for more than 225 manufacturers and offers approximately 1,000,000 catalog items from 39 customer service centers in North America, Europe and Asia-Pacific. Aviall also provides maintenance for aviation batteries and wheels and brakes, as well as hose assembly, kitting and paint-mixing services. The company offers a complete set of supply chain and logistics services, including order processing, stocking and fulfillment, automated inventory management and reverse logistics to OEMs and customers.
Source: Aviall, Inc.
CONTACT: David Leedy Aviall, Inc., +1-972-586-1703, fax,
+1-972-586-1702, dleedy@aviall.com
Web site: http://www.aviall.com/
