SANTA ANA, Calif. and WEST SENECA, N.Y., Jan. 5, 2016 /PRNewswire/ -- Ascent Aerospace, a leading integrator of aircraft assembly line solutions, has bolstered its automated assembly capabilities with the addition of Gemcor. Gemcor is a global leader in developing and manufacturing automated fastening systems that are used by virtually every airframe manufacturer throughout the world.
The acquisition solidifies Ascent Aerospace's position as one of the largest global players in the growing aerospace factory and assembly line integration market. Gemcor systems are used in the sub-assembly of aircraft wings, fuselages and nacelles with the company having produced more than 2,200 automated fastening systems throughout its 78-year history. The joining together of Ascent and Gemcor further strengthens Ascent's ability to provide a total turn-key factory solution for almost any aircraft assembly, anywhere in the world.
"Being part of the Ascent Aerospace family will give Gemcor access to additional technical and engineering resources as well as accelerated internal investment enabling us to further expand our product offering while continuing to provide our customers with the excellent service they have come to expect," said Bill Mangus, President and Chief Executive Officer. "The combination of the complementary capabilities and technologies of Gemcor and Ascent will also broaden Ascent's ability to offer new solutions across our combined customer base."
"We wholeheartedly welcome the Gemcor team to Ascent Aerospace's family of 1200 employees and look forward to supporting them with additional engineering resources and growth opportunities through our integration business," said Brian Williams, Chief Executive Officer of Ascent Aerospace. "While we will be growing Gemcor at their New York facility, we will also be using their worldwide base of machine installations to expand Ascent's global footprint and strengthen our customer service. We also expect significant synergy in the areas of controls engineering and robotics. And, equally important, we foresee an excellent cultural fit with our existing businesses."
The transaction is expected to close during the first quarter of 2016.
Ascent Aerospace, an AIP Aerospace company, is headquartered in Santa Ana, CA, and is a leading provider of integrated factory systems, tooling, automation equipment, and engineering services. The company has factories, engineering offices, service centers and equipment installations located in North America, South America, Europe and Asia. www.ascentaerospace.com
Gemcor, headquartered in West Seneca, NY, is a global leader in automated fastening systems and part positioning solutions used in the assembly of aircraft components. Founded in Buffalo, NY in 1937 by Thomas Speller Sr., Gemcor invented the automated fastening process to support U.S. aircraft production during World War II. Gemcor's Drivmatic® process quickly became an industry standard for automated aircraft assembly. www.gemcor.com
Ascent Aerospace Contact
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SOURCE Ascent Aerospace