Continental Motors Group said today that it will purchase Danbury Aerospace, a group of aviation manufacturing companies that includes Engine Components International, the San Antonio, Texas-based manufacturer of PMA engine parts. Danbury is a privately held company and the dollar amount of the deal wasn't disclosed by Continental. Because Continental is itself owned by the Chinese-based AVIC International, the purchase must still be approved by the State Department's Committee for Foreign Investment, according to Rhett Ross, director of the Continental Motors Group and an AVIC vice president.
This is a companion discussion topic for the original entry at https://www.avweb.com/ownership/continental-buys-eci