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LMI Aerospace to buy Valent Aerostructures for about $246 million
December 6, 2012 / 12:25 PM / 5 years ago

LMI Aerospace to buy Valent Aerostructures for about $246 million

(Reuters) - LMI Aerospace LMIA.O, which supplies components to the aerospace and defense industries, said it will buy Valent Aerostructures for about $237 million, plus about $9.7 million of certain retained obligations.

LMI Aerospace is expected to generate over $480 million in revenue based on projected 2013 results of the combined entities, the company said in a statement.

The deal is expected to close Dec 31, 2012, LMI Aerospace said.

Reporting by Mridhula Raghavan in Bangalore; Editing by Joyjeet Das

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