Chinese Company Buys Chatsworth’s Align Aerospace

March 31, 2015

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Aircraft parts supplier Align Aerospace Holding Inc. has been sold to a subsidiary of a Chinese importer and exporter of commercial aerospace products, the companies announced Tuesday. Terms of the deal between Align, in Chatsworth, and AVIC International Holding Co. Ltd. were not disclosed. AVIC is a subsidiary of AVIC International Holding Corp., in Beijing. Align had been owned since August 2011 by Greenbriar Private Equity Group LLC of Rye, N.Y. The Chatsworth company was founded in 1972 and operated under various names before adopting its current name after Greenbriar acquired it. It runs distribution centers for aerospace parts and components in California and France, and stocking locations throughout North America, Europe and Asia. AVIC International Chairman Wu Guangquan said the company gains from Align’s experience in supply-chain management. “With AVIC International’s investment, resources and relationships we plan to grow Align’s relevance with its current customers in parallel with expanding the business globally, especially in the China market,” Guangquan said in a prepared statement. AVIC International is involved in several business sectors, including aerospace, trade and logistics, retail, electronics and real estate investment, with revenue of $25 billion in 2014.

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Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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