Manufacturing Industry
Gridiron Capital acquires aviation-repair business from Praxair.(INDUSTRY NEWS)
Advanced Materials & Processes, May, 2006
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Gridiron Capital, LLC and Praxair Inc., have entered into a definitive agreement for Praxair to sell the aviation services division of Praxair Surface Technologies, Inc. to a new corporation established by Gridiron Capital, as lead investor, and Skyview Capital, as a minority participant. The acquisition is expected to close in the second quarter of 2006.
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Praxair Aviation Services repairs commercial and military aviation engine and airframe components, and applies protective coatings to the repaired parts. The division employs about 520 people and serves about 250 aviation ...
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