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Article: Fruehauf Corp.'s aerospace operations to be acquired by Grabill Aerospace Industries Ltd.
- Article from:
- PR Newswire
- Article date:
- June 25, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FRUEHAUF CORPORATION'S AEROSPACE OPERATIONS TO BE ACQUIRED
BY GRABILL AEROSPACE INDUSTRIES, LTD.TO BE ACQUIRED
DETROIT, June 25 /PRNewswire/ -- Fruehauf Corporation (NYSE: FTR) and Grabill Aerospace Industries, Ltd. today announced that they have signed an agreement for Grabill to acquire Heintz Corporation, Utica Corporation, M.C. Aerospace Corporation, Compositek Holdings, Inc., and SPECO Corporation, which formerly comprised the aerospace operations of Fruehauf's wholly owned subsidary Kelsey-Hayes Company, for approximately $172 million.
William Stoecker, founder and chairman of the board of the Grabill organization, said the ...