Movement17 Oct 2019 12:16
I wondering if the buys of late have anything to do with Wesco Aircraft Holdings, Inc. (NYSE: WAIR), the world’s leading independent distributor and provider of comprehensive supply chain management services to the global aerospace industry, today announced that it is expanding its product and service offering to include composite management services. This unique offering brings advanced composites with significant value-added services that include highly engineered kits delivered on a just-in-time basis to the company’s existing and expanding customer base.
Wesco Composite Management Services will offer process materials and structural pre-impregnated (prepreg) engineered kits to customers in North America through an agreement with Velocity Composites plc, a leading supplier of advanced composite materials kits to the aerospace and defense industry. The company also has the opportunity to partner with Velocity in Europe and Asia Pacific to increase value-added services to its global customers.
The addition of composite materials complements Wesco’s already broad portfolio of aerospace products and services, which includes C-class hardware, chemicals and electronic components. Wesco will deliver fully scalable solutions, utilizing its premier logistics, warehousing and supply chain solutions and Velocity’s custom kitting process through point-of-use delivery. The newly formed partnership will invest in a state-of-the-art clean room and utilize Velocity’s proprietary nesting technology within Wesco’s U.S. distribution network.
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