Iowa-based aviation systems maker Rockwell Collins Inc. has completed its acquisition of Florida-based B/E Aerospace, which employs nearly 900 workers making luxury aircraft interiors in Tucson.
Rockwell Collins does not anticipate any impact on the former B/E’s operations in Tucson, spokeswoman Pam Tvrdy-Cleary said.
The company has about 870 employees in Tucson, where workers produce high-end “super first-class” aircraft cabin furnishings at 1851 S. Pantano Road.
Rockwell acquired B/E Aerospace for $8.6 billion, including the assumption of debt.
B/E Aerospace has been rebranded Rockwell Collins, and its stock has stopped trading on the Nasdaq Stock Market. Under the deal, B/E shareholders received about one-third of a share in Rockwell Collins plus about $34 a share cash for each of their shares.
Rockwell Collins shares closed Monday at $97.58, up about 1 percent, in trading on the New York Stock Exchange.
Werner Lieberherr, former B/E Aerospace president and chief executive officer, is now executive vice president and chief operating officer of Rockwell Collins’ newly created Interior Systems business.
Kelly Ortberg, chairman and CEO of Rockwell Collins, said the addition of B/E’s offerings will help drive growth.
“The industry-leading products and solutions being brought together by this acquisition give us a much broader offering, increasing value for our customers and ultimately driving long-term, profitable growth and shareowner value,” Ortberg said in prepared remarks.
Founded in 1933 as Collins Radio Co., Cedar Rapids-based Rockwell Collins is a leading provider of avionics, communications and other aviation electronics.
With the recent acquisition, the company has nearly 30,000 employees and annual revenue topping $8 billion.
B/E Aerospace counted more than 10,000 employees in the U.S., Europe and Asia. Besides aircraft seating and interiors, B/E also makes aircraft galley equipment, oxygen systems, lavatories and interior lighting for commercial aircraft and business jets.
B/E Aerospace arrived in Tucson when the Florida-based company acquired Bomhoff Inc., a maker of cabinetry for business jets, in 2002.