# CPI Aerostructures to acquire Welding Metallurgy for $9M

CPI Aerostructures announced a definitive agreement to acquire Welding Metallurgy Inc. from Air Industries Group for $9 million in cash, with up to $1 million additional contingent on long-term supply agreements.

- Type: Acquisition
- Announced: 2018-03-22
- Where: United States
- Value: $9.00M
- Status: announced
- Products: specialty welded products, large diameter tube bending, integrated electronic assemblies
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Air Industries Group](https://endata.com/companies/8765.md) (partner)
- [CPI Aerostructures](https://endata.com/companies/21504.md) (acquirer)
- [Welding Metallurgy](https://endata.com/companies/30886.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/03/22/1444140/0/en/cpi-aerostructures-to-acquire-welding-metallurgy-inc.html), 2018-03-22: "CPI Aerostructures, Inc. today announced that it has entered into a definitive agreement to acquire Welding Metallurgy, Inc. for $9.0 million in cash from Air Industries Group, Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.