Acquisition of Swift-Cor Aerospace Assets by Venture Aircraft Under New Name

Published on April 17, 2012 at 3:29 AM

By Cameron Chai

Venture Aircraft has acquired assets and manufacturing facilities of Swift-Cor Aerospace in Kansas and California. Four manufacturing plants will be operated by the company under its new name, Impresa Aerospace. Among the four plants, one is located in Compton, California, two are in Gardena, California and one is in Wichita, Kansas.

Impresa, earlier operating as Venture, has been a supplier to the Tier 1 and Tier 2 aerospace industry. The company signed major contracts with Spirit Aerosystems, Boeing, Gulfstream and Lockheed Martin. Impresa’s remarkable commercial programs include Airbus A330 and A340; the Boeing 737, 747, 777, 787; and Gulfstream G650. The company supports different defense-related programs such as Boeing’s C-17, F-18 and Apache Helicopter; the Lockheed Martin C130; and Sikorky’s Black Hawk helicopter.

The company is planning to consolidate its existing four locations into two. It will employ 350 engineers, mechanists and support staff at the 100,000-square-foot plant in Gardena, California and the 40,000-square-foot plant in Wichita, Kansas, to provide advanced quality and delivery service to its customers.

Impresa Aerospace and Graycliff Partners, the financial partner of Impresa, foresee further acquisitions. New York-based Graycliff Partners is a private equity firm and it has offices in Sao Paulo, Brazil and New York. Venture Aircraft and Swift-Cor Aerospace provide a collection of manufacturing, constructing and finishing services, and they provide OEMs with high-quality, accurate CNC machined details, sheet metal parts and assemblies.

Source: http://www.impresaaerospace.com/

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