B/E Aerospace to buy Satair’s fastener business for $162 mln

* B/E Aerospace expects to close the deal in Q4

* Sees transaction to be neutral on 2011 earnings

Oct 25 (BestGrowthStock) – B/E Aerospace Inc (BEAV.O: ), the world’s
biggest supplier of aircraft interior products, agreed to
acquire Satair’s aerospace fastener distribution business for
$162 million in cash to expand its business in Europe and Asia.

B/E Aerospace expects the deal to be neutral to its 2011
earnings and add to earnings thereafter. It expects to close the
deal in the fourth quarter.

Copenhagen, Denmark-based Satair supplies aircraft parts and
service solutions for both aircraft maintenance and production.

The purchase price of $162 million represents a multiple of
about 1.5 times expected 2010 revenues and about 10 times
estimated 2010 earnings before interest, taxes, depreciation and
amortization, B/E Aerospace said.

Shares of B/E Aerospace closed at $33.49 Friday on Nasdaq.
(Reporting by Anand Basu in Bangalore; Editing by Louise
Heavens)

B/E Aerospace to buy Satair’s fastener business for $162 mln