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LMI Aerospace (LMIA) to Acquire Valent Aerostructures in $246.7M Deal

December 6, 2012 7:01 AM EST

LMI Aerospace, Inc. (Nasdaq: LMIA) has agreed to acquire Valent Aerostructures, LLC ("Valent") for approximately $237 million, plus approximately $9.7 million of certain retained obligations.

Headquartered in Kansas City, Missouri, Valent is a leading provider of complex, structural components, major sub-assemblies and machined parts for OEM and Tier 1 airframe manufacturers in the aerospace and defense industries. The company is well-positioned providing significant content for several major commercial, business jet and military platforms, including the Boeing 737, 747-8, 777, 787, V-22 and Gulfstream G650. Like LMI, Valent has established a reputation as a highly regarded supplier, evidenced by recent... More