Ladish Co. Inc. of Cudahy, Wis., has acquired complete ownership of Aerex Manufacturing. Aerex, located in South Windsor, Conn., is a precision-machining enterprise serving the aerospace and commercial airplane industries since 1966. The purchase price of Aerex was approximately $14 million, paid through a combination of cash and Ladish common stock. Ladish is a leading producer of highly engineered technically advanced components for the jet engine, aerospace and general industrial markets.
“Ladish and Aerex serve mutual customers in the aerospace supply chain and we have had a long-term relationship with Aerex, based on their providing finish machining of titanium forgings produced by Ladish Forging,” said Kerry L. Woody, president and CEO of Ladish. “Aerex has the personnel and equipment that, when combined with Ladish’s technical expertise and forging and casting capabilities, will provide future growth.”
Ladish Acquires Aerex Manufacturing
July 15, 2008