Business and people search

Canadian aerospace firm in 78m swoop for APPH

4th February 2014

LANDING gear firm APPH has been acquired from BBA Aviation by Canadian aerospace manufacturer Heroux-Devtek in a £78.3m deal.APPH is headquartered in Runcorn and has around 400 employees. It also has facilities in Bolton and the US.

In the 12 months to December it had revenues of around £47m and operating profit of £4.4m.BBA Aviation said it will use the proceeds to reduce net borrowings and is considering returning cash to shareholders.Chief executive Simon Pryce said: "APPH is the only part of BBA Aviati......for the full story register now for free or login below...

Or Login to Read this Story


Latest Business News

Pharmacy chain set to offload stores

Pharmacy chain set to offload stores

29/04/2016Alex Turner

Pets at Home buys veterinary businesses

Pets at Home buys veterinary businesses

29/04/2016Joanne Birtwistle

Bridging finance firm launches new lender

Bridging finance firm launches new lender

29/04/2016Joanne Birtwistle

Laundry group makes 52.6m acquisition

Laundry group makes 52.6m acquisition

29/04/2016Nick Jackson

Town's new bus station gets go-ahead

Town's new bus station gets go-ahead

29/04/2016Nick Jackson

Developer in British steel pledge

Developer in British steel pledge

29/04/2016Joanne Birtwistle

Traffic update: A56 reopens after snow storm

Traffic update: A56 reopens after snow storm

28/04/2016Joanne Birtwistle

NCC turnover up 60% at 10-month mark

NCC turnover up 60% at 10-month mark

28/04/2016Joanne Birtwistle

Carehome group's woes continue

Carehome group's woes continue

28/04/2016Nick Jackson

Logistics firm secures 12.5m for new division

Logistics firm secures 12.5m for new division

28/04/2016Joanne Birtwistle

Entrepreneurs line up for EY gongs

Entrepreneurs line up for EY gongs

28/04/2016Nick Jackson

Pret set for take off at airport

Pret set for take off at airport

28/04/2016Nick Jackson

Retail park acquired for 14m

Retail park acquired for 14m

28/04/2016Nick Jackson

Read More News

 
TheBusinessDesk is a trading name of Regional Media Services Ltd.
A company registered in the UK, company number : 07111349 VAT Number : 124302954