Heico Boosts Components Business With Switchcraft Deal

Law360, New York (October 20, 2011, 5:18 PM EDT) -- Heico Corp. has reached an agreement to acquire Switchcraft Inc. from a consortium of the Chicago-based electronic connector maker's private equity owners, the Miami-based aerospace company announced Thursday.

Heico said that the Switchcraft addition would be a net boon to its stock in the year after the transaction closes.

“Switchcraft significantly broadens our interconnect offering by adding many products to our business which we do not now offer and by adding customers not presently served by Heico,” Victor H. Mendelson, Heico's co-president, said. “We believe the...
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