GracoRoberts announced that it has officially closed the acquisition of Able Aerospace Adhesives to extend its footprint in the international aerospace specialty chemicals market.
Able Aerospace a global supplier of specialty aerospace chemicals and related products, offering extensive experience on a global scale.
The acquisition brings with it another 36 years of aerospace relationships and expertise, amplifying the company’s already sound position as the largest and most specification-driven aerospace specialty chemicals distributor in North America.
The addition of the eight-time Boeing Excellence award winner Able Aerospace Adhesives to the GracoRoberts’ portfolio means even more custom value-added services, coupled with the same intense focus on world-class quality to support the evolving needs of its customer and supplier partners.
“We are thrilled to have the customer-focused team from Able Aerospace Adhesives join the GracoRoberts’ family,” said Jason Caldwell, president and CEO of GracoRoberts. “Together, we will offer a broader range of products and value-added services on a global scale. The Able customer base brings considerable international, MRO, and military focus to our aerospace business model, which nicely rounds out our existing leadership position in North America.”
The introduction of RFID, more custom labeling capabilities, a sizeable increase in freezer storage capacity, international logistics and distribution expertise, and a team of tenured sales and service professionals all add tremendous value to the stakeholder experience.
“At Able Aerospace, we have developed a unique niche of international and military customers,” said Mukesh Desai, president of Able Aerospace Adhesives. “By joining the GracoRoberts’ family, we can now provide a considerably larger platform of aerospace chemicals and services to our customer base. We are honored to be part of GracoRoberts.”
With nearly 30 years of experience providing growth capital to the aerospace, defense, and federal services sectors, CM Equity Partners, the private equity sponsor of GracoRoberts, supports the acquisition, continuing a strong track record of growth and enabling GracoRoberts to better serve its customers and suppliers domestically and abroad.
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