Bossard Group has signed an agreement to acquire the French Aero Negoce International Group (ANI), significantly expanding its market presence in the aerospace industry.
Aero Negoce International SAS, headquartered in Béziers, France, employs 33 people and expects net sales of around €25 million for the current financial year. ANI is a French distributor of fastening solutions and provider of logistics services in the aerospace industry, with further locations in the USA and Malaysia.
“The intended acquisition of Aero Negoce International SAS is an important step to accelerate our growth strategy in the aerospace industry and strengthens our strategic presence in the Aerospace Valley in France. In addition, we see great market opportunities in the cooperation with Bossard Aerospace Germany, which will further strengthen our position in the European aerospace industry,” says Daniel Bossard, CEO of the Bossard Group.
“We are thrilled about this transaction. The Bossard Group's backing will provide Aero Negoce International SAS with a great opportunity to continue its growth trajectory while preserving the service-oriented ethos that has defined our family business since its inception,” comments Patrick and Nathalie Bianchini, who led Aero Negoce International SAS in the second generation.
The closing of the transaction is expected within 2024 and is subject to the approval of the regulatory authorities and other customary closing conditions. The acquisition will be financed through the use of existing credit facilities.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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