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Kaiser Group Holdings Announces Acquisition of the Assets of Alabama Aircraft Industries, Inc.

Dépèche transmise le 13 septembre 2011 par Business Wire

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Kaiser Group Holdings, Inc. (Kaiser), headquartered in Fairfax, Virginia, announced that its wholly owned subsidiary, Kaiser Aircraft Industries, Inc. (KAII), has acquired a substantial portion of the operating assets of Alabama Aircraft Industries, Inc. (AAII), a Birmingham, Alabama based provider of aircraft maintenance and modification services to government and military customers.

“Kaiser is particularly pleased that KAII will save and create hundreds of jobs in the Birmingham, Alabama area, and we are excited by the prospects for KAII for substantial growth and profitability”

“Kaiser is particularly pleased that KAII will save and create hundreds of jobs in the Birmingham, Alabama area, and we are excited by the prospects for KAII for substantial growth and profitability,” said Doug McMinn, President and CEO of Kaiser.

Ron Aramini, President and CEO of KAII, added, “We are very pleased to be working with Kaiser Group Holdings. They understand the importance of our work and our plans to expand it into new and exciting areas of growth in the military and commercial industry. This has been a long and worthwhile effort to maintain our presence here in Alabama. Our sincere appreciation to Senator Sessions, Congressman Bachus and the Alabama Congressional delegation for their continued support during these very challenging times.”

For more information on Kaiser Group Holdings, Inc. please visit its website at http://www.kaisergroup.com.

Business Wire

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