B/E Aerospace to separate into two businesses
06/10/2014 5:42 PM
08/08/2014 10:24 AM
B/E Aerospace, which makes products for commercial aircraft and business jets, is planning to separate into two independent, publicly traded companies.
One of the businesses will concentrate on aircraft cabin interior equipment. This includes design, development, manufacturing, certification and direct sales worldwide. The business is currently known as Manufacturing Co.
The other business, which is being called Services Co., will focus on distribution, logistics and technical services for the aerospace and energy services markets. It will distribute aerospace fasteners, consumables and logistics services to the airline and aerospace industries.
B/E Aerospace operates two facilities in Wichita.
One, an engineering center of excellence, employs about 60 at 8110 E. 32nd St. North. With the separation, the site will move under the Manufacturing Co., said engineering site manager Jason Corcoran.
Another site near 37th and Greenwich Road, which supplies fasteners such as screws and rivets, will move under the Services Co. part of the business, Corcoran said.
The two Wichita sites now operate separately, he said.
The split won’t have an effect on its business, Corcoran said.
“We won’t see any difference,” Corcoran said.
B/E Aerospace Inc. said Tuesday that its board and management continue to review and aggressively pursue strategic options to help increase shareholder value. Last month it said that among the alternatives it was considering was a potential sale of the company or a merger with another company.
Wellington, Fla.-based B/E Aerospace plans to give further details about the two businesses’ boards and management teams at a later date. The separation of the businesses is expected to occur in 2015’s first quarter.
Contributing: Molly McMillin of The Eagle
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