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Hanwha Aerospace Completes Acquisition of EDAC Technologies

October 01, 2019 / PRNewswire

Hanwha Aerospace Co. ("Hanwha Aerospace") and Greenbriar Equity Group, L.P. ("Greenbriar") announced today the completion of Hanwha Aerospace's acquisition of EDAC Technologies, an aviation engine component manufacturer with headquarters in Cheshire, Connecticut. The approximately US $300 million deal includes 100% of the company shares. For Hanwha Aerospace, the EDAC Technologies acquisition represents their first aircraft engine component manufacturing facility in the United States. Going forward, EDAC Technologies will operate as Hanwha Aerospace USA.