The $8.3 billion sale of B/E Aerospace was completed Thursday following the European Commission’s regulatory approval of Rockwell Collins’s purchase.
With B/E now part of Rockwell Collins, the Cedar Rapids, Iowa, company has nearly 30,000 employees nationwide and combined annual revenue projected to exceed $8 billion,
The deal was announced after B/E’s board of directors said in May 2014 that it was considering a sale as part of “exploring and evaluating” its strategic alternatives. In June 2014, B/E announced the spin-off what became KLX Inc. into an independent, publicly traded corporation.
The B/E brand has now ended, effective Thursday, and is operating now as Rockwell’s Interior System business.
Werner Lieberherr, B/E’s president and chief executive and the company’s top local officer, has transitioned to chief operating officer of the Interior Systems business.
Rockwell gains with the deal a wide range of cabin interior products for commercial aircraft and business jets, including seating, food and beverage preparation and storage equipment, lighting and oxygen systems, and modular galley and lavatory systems.
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