Winston & Strawn Helps AAR Land Teleflex Units For $280M

Law360, New York (October 21, 2011, 3:30 PM EDT) -- Aviation support company AAR Corp. will buy the cargo loading systems and container aerospace units of medical device maker Teleflex Inc. for $280 million to strengthen its commercial manufacturing business, the Illinois-based company announced Friday.

AAR said the acquisition of Telair International GmbH and Nordisk Aviation Products AS would also help it take advantage of new commercial aircraft build cycles.

The company said the purchase will initially be funded through its existing revolving credit facility and is expected to be closed by the end of the...
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