Sekisui Chemical has completed its $510 million purchase of AIM Aerospace, a manufacturer of commercial aerospace products headquartered in Renton with additional facilities in Auburn and Sumner.
According to Sekisui Chemical, whose American headquarters are in Secaucus, N.J., the acquisition expands its Mobility Materials division, which currently targets automobiles and transportation.
“We are very pleased to be a key member of Sekisui Chemical’s business. As the foundational aerospace company in their portfolio, we will bring our technical, product, and market expertise combined with Sekisui Chemical’s advanced materials and processes to create synergies and achieve strategic growth,” stated Daniele Cagnatel, CEO of AIM Aerospace. “The integration with Sekisui Chemical also provides access to resources and expertise to enhance continuous improvement, operational excellence and to refine and develop product offerings for our current and new customers. This is the beginning of a great journey for our team.”
AIM Aerospace is now a wholly owned operating company within Sekisui Chemical. The subsidiary has officially changed its name to Sekisui Aerospace Corporation.