B/E Aerospace to buy UFC Aerospace

Aircraft cabin interior manufacturer B/E Aerospace has signed a definitive agreement to acquire supply chain management company UFC Aerospace Corp. (UFC) for $400 million in cash. Amin J. Khoury, Chairman and Chief Executive Officer of B/E Aerospace said: “The acquisition purchase price is approximately $400 million in cash, representing a multiple of approximately 9.5 times adjusted 2011 EBITDA (earnings before interest, taxes, depreciation and amortization), plus the estimated net present value of the tax benefits from tax deductible goodwill. The acquisition is expected to close before the end of the first quarter.” He adds: “Our future revenue growth will be