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Salem Partners Advises KaZaK Composites, Inc. in its Sale to Plasan Sasa Ltd.

Dépèche transmise le 28 juin 2011 par Business Wire

Salem Partners Advises KaZaK Composites, Inc. in its Sale to Plasan Sasa Ltd.

WOBURN, Mass.--(BUSINESS WIRE)--KaZaK Composites, Inc., a privately held provider of advanced composite engineering services and manufacturing for the military defense industry, has completed a sale to Plasan Sasa Ltd., an Israeli-based developer and manufacturer of armor systems for military and commercial markets using composite material technologies. Salem Partners acted as the exclusive investment banking advisor to KaZaK.

“Dr. Fanucci and I are pleased to announce the sale of KaZaK. We believe that Plasan is an ideal partner to continue our tradition of engineering excellence and world-class manufacturing capabilities”

“Dr. Fanucci and I are pleased to announce the sale of KaZaK. We believe that Plasan is an ideal partner to continue our tradition of engineering excellence and world-class manufacturing capabilities,” stated Executive Vice President John Schickling.

About KaZaK Composites

Based in Woburn, MA, KaZaK has established itself as a leading provider of sophisticated composite engineering and manufacturing to the defense industry with a customer base that includes General Dynamics, Raytheon and Boeing. The Company serves a wide range of platforms and end-markets that include combat ships, unmanned aerial vehicles, military vehicles and missile systems. The business was founded in 1992 by Dr. Jerry Fanucci.

About Plasan

Plasan Sasa Ltd. engages in the research, design, development, and manufacture of lightweight survivability solutions for tactical combat vehicles, fixed-winged and rotary aircraft, naval platforms, civilian armored vehicles and personal protection. It offers armor kits, armor panel kits, chassis-up products, cab replacements, kitted hulls, and armored airborne solutions. The company was founded in 1985 and is based in M.P Merom Hagalil, Israel.

About Salem Partners

Salem Partners is a Los Angeles-based investment bank and wealth management firm that provides capital raising and merger & acquisition advisory services to companies in the media and entertainment, life sciences, technology and aerospace and defense industries. For more information, please visit: www.salempartners.com.