![]() |
|
Chemring deal boosts
US business
A Hampshire-based defence systems developer has enhanced its position in the US pyrotechnic market through the acquisition of an Illinois-based company.
Chemring Group Plc, a manufacturer of decoy countermeasures and energetic materials, has bought Scot, which makes cartridge and propellant-actuated devices for aircraft emergency systems.
The group bought Scot from SMS Industries for $40 million (£20.2 million) in cash, which was funded by debt.
The deal provides Chemring with a US centre for the design, development, and manufacture of pyrotechnic devices and sub-systems used in aircraft and space platforms. Scot’s engineering operations also complement Chemring’s high-volume manufacturing and automation capabilities in North America.
Chemring sells its products to the military, security forces and commercial marine operators. It employs more than 2,500 people at 19 operations in the UK, US, France, Germany, Italy, Norway, Spain and Australia.
Scot also designs and manufactures actuators, valves and sequencers, separation nuts and bolts, and aircraft weapon ejector systems. In the year to January 2008, Scot reported $4.7 million (£2.37 million) pre-tax profit on a $23.8 million (£12 million) turnover.

Other M&A Deals
- MBO at public sector services firm Jan 08 2009
- Resaca returns to Texas
with AIM cash Jul 17 2008 - Destiny gets £4.8m injection Dec 03 2008
- Compass Group makes headway with KIMCO Jan 08 2009
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A News
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- West End Ventures acquires dotmailer Jan 07 2009
- Red hot deal for AVC Jan 07 2009
- Pandora Books buys Badger Publishing Jan 06 2009
M & A Events
- Quoted Company Awards 2009 28th January
- The Canaccord Adams Media Magnate Awards 26th March
- Rosenblatt New Energy Awards 2009 27th February
- M&A Awards 2009 18th February
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February
