LISI of France Acquires Monadnock
August 23
00:00
2002
LISI of France Acquires Monadnock
John Wolz
LISI Industries of France acquired aerospace fastener manufacturer Monadnock Co. of California.
LISI now owns two U.S. aerospace fastener manufacturers. Hi-Shear Corp. of Torrance, CA, is LISI�s subsidiary that acquired Monadnock.
Gregory Range, a managing director of investment banker Duff & Phelps LLC, predicted there will be more cross-boarder deals in the aerospace industry.
Monadnock was founded 15 years ago and manufactures high-strength fasteners for aircraft structures.
LISI, a publicly owned company based in Paris, was annual revenue of $540 million. Web: Hi-Shear.com or Monadnock.com �2002 FastenerNews.com
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