Acquisition of LMI Aerospace Inc.
Our attorneys advised Belgium-based Sonaca Group on its acquisition of LMI Aerospace Inc., a St. Louis-headquartered supplier of integrated solutions in aerostructures, engineering, and program management with 21 locations across the US, Mexico, UK, and Sri Lanka. The all-cash transaction, places a 52 percent premium on the acquired company based on LMI’s closing share price on the day before the announcement.
"The addition of LMI Aerospace to the Sonaca Group supports our vision to expand our capabilities in the United States," Sonaca CEO Bernard Delvaux said. "Sonaca and LMI have both distinguished themselves in the industry through capabilities such as wing movables, wing panels, complex fuselage, and structural assemblies, and together we will be able to strengthen our competitive advantage in the global aerospace market."
Headquartered in Gosselies, Belgium, with production facilities in China, Romania, Canada, and Brazil, Sonaca Group is a global company active in the development, manufacturing, and assembly of advanced structures for civil, military, and space markets. The group is especially known for its capability to design and produce advanced structures such as wing movables and complex fuselages.