DeCrane Aircraft Holdings, a major supplier of business aircraft cabin management and avionics components, has purchased aircraft interior and furniture maker Precision Pattern (PPI). The cost of the deal has not been disclosed.
With sales of more than $250 million, DeCrane Aircraft Holdings supplies cabin management equipment and avionics components for high-end corporate aircraft, and performs avionics systems integration for commercial aircraft and installs aircraft hardware, such as the long-range fuel tanks for the Boeing Business Jet.
According to DeCrane, PPI is the sole-source supplier of interior finishings - dividers, galleys, room enclosures and window and side wall treatments - and furniture for Cessna's Citation Excel and Citation X, as well as a supplier to Raytheon and for Bombardier's Global Express. PPI also outfitted the two Boeing 747 US Presidential aircraft used as Air Force One and has ongoing contracts to refurbish those aircraft. Sales for the privately held company are reported to be in the $22-24 million range.
DeCrane bought Precision Pattern from its five top managers, headed by chairman Don Zerbe and president Ed Markel, who purchased the company in 1997 from founder Russell Bomhoff.
Source: Flight International