Novaria Group (Fort Worth, TX) has announced the acquisition of substantially all the assets of Weatherford Aerospace Inc., a provider of aircraft wing skins, formed structures and services related to the treatment and processing of aerospace products. "Novaria plans to pursue strategic growth and expansion of Weatherford's capabilities, while also delivering enduring value to customers, employees and the aerospace industry," said a company spokesperson.
"We believe there is an opportunity to grow Weatherford's current aerospace market presence," said Bryan Perkins, Co-CEO and President of Novaria Group. "The current pedigree of this long-standing and well-known aerospace supplier, coupled with Novaria's financial resources and deliberate approach to operating in the aerospace marketplace, will be a winning combination for Weatherford employees, customers and suppliers, as well as Novaria and its investors."
Weatherford's manufacturing capabilities are focused on a variety of processes and products that are incorporated into most airframes flying today. The company's customers include many original equipment manufacturers (OEMs) and tier 1 and tier 2 supply chain partners, such as Gulfstream, Boeing, Bell Helicopter, Bombardier, Lockheed Martin, Spirit and Triumph.
Charles Paris, Sr., founder of Weatherford, will be retained as a consultant to the company. Charles "Chip" Paris, Jr., the current President and General Manager of Weatherford, will continue in his present capacity under Novaria's ownership.
"It has been a wonderful experience building Weatherford over the past four decades," said Charles Paris, Sr. "The company has been able to achieve much of its success through the hard work and dedication of the employees. Novaria is the ideal company to ensure the continued success of Weatherford. I feel strongly in our decision to have Novaria support and guide Weatherford during its upcoming stages of growth, as they will be able to take Weatherford to the next level."
Weatherford will continue operations in a total of 165,000 sq. ft. at its two manufacturing locations, both of which are located in Weatherford, just miles west of Fort Worth, TX. The company has 165 employees.
For more information contact:
Novaria Group
6300 Ridglea Place, Suite 800
Fort Worth, TX 76116
855-381-3800
www.novariagroup.com