McStarlite Co. has been acquired by Standex International Corporation

McStarlite Co. has been sold to Standex International Corporation for approximately US$56.5 million in cash. The company will be integrated into Standex’s Engineering Technologies Group business segment.

McStarlite Co. was founded in 1955 as a privately held company. It operates four facilities in Harbor City, California, USA. As a leading sheet metal specialist, McStarlite Co. produces some of the largest and most complex aerospace components. The company designs and manufactures cold deep-drawn and bulge-formed aviation components, including segmented and single-piece lipskins, nozzles, intricate sheet metal assemblies and the tooling required for production hardware.

Standex International Corporation is a global, multi-industry manufacturer operating across five broad business segments: electronics, engraving, scientific, engineering technologies and specialty solutions. The company has a presence in the United States, Europe, Canada, Japan, Singapore, Mexico, Brazil, Turkey, India and China. The Engineering Technologies Group, through its Spincraft brand name, offers innovative advanced metal forming technologies for a variety of applications in the space, aviation, defense, energy, medical and general industrial markets.

Oaklins Janes Capital in Irvine, USA, acted as the exclusive sell-side advisor to McStarlite Co. on its sale to Standex. Oaklins’ team in France also supported this transaction.