Aero Negoce International has become a key player in the aerospace industry over the last 30 years as a distributor of fastening solutions and provider of logistics services to the aerospace industry. Headquartered in Béziers, France, the company employs 33 people and expects net sales of approximately €25 million for the current fiscal year.
The company also has operations in the USA and Malaysia. Through the proposed acquisition, Bossard will significantly expand its market presence in the strategically important aerospace industry and in France. Together with Boysen (now Bossard Aerospace Germany), which will be acquired in 2019, Bossard would become a leading distributor of fastening systems and provider of logistics services in the European aerospace industry.
As said Daniel Bossard, CEO of the Bossard Group.“The intended acquisition of Aero Negoce International SAS is an important step to accelerate our growth strategy in the aerospace industry and strengthens our strategic presence in the Aerospace Valley in France. In addition, we see great market opportunities in the cooperation with Bossard Aerospace Germany, which will further strengthen our position in the European aerospace industry”.
“We are thrilled about this transaction. The Bossard Group’s backing will provide Aero Negoce International SAS with a great opportunity to continue its growth trajectory while preserving the service-oriented ethos that has defined our family business since its inception,” said Patrick and Nathalie Bianchini, who led the company in the second generation.
The transaction is expected to close in 2024 and is subject to regulatory approvals and other customary closing conditions. The acquisition will be financed through existing credit facilities.