# Spirit AeroSystems to acquire Asco Industries for $650M

Spirit AeroSystems will acquire S.R.I.F. N.V., parent of Asco Industries, for $650 million in cash. Asco supplies high lift wing structures and mechanical assemblies to commercial and military aerospace OEMs, employing 1,400 people across four sites.

- Type: Acquisition
- Announced: 2018-05-02
- Where: Belgium
- Value: $650.0M
- Jobs: 1,400
- Status: announced
- Products: high lift wing structures, mechanical assemblies, functional components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Spirit AeroSystems](https://endata.com/companies/16652.md)
- [ASCO Industries](https://endata.com/companies/15250.md) (target)
- [Spirit AeroSystems](https://endata.com/companies/16652.md) (acquirer)

## Sources

- [aerospaceglobalnews.com](https://aerospaceglobalnews.com/news/spirit-aerosystems-to-acquire-asco-industries/), 2018-05-02: "Asco is a compelling fit for Spirit that aligns extremely well with the strategic priorities we have been communicating."
- [prnewswire.com](https://www.prnewswire.com/news-releases/spirit-aerosystems-to-acquire-eu-based-supplier-asco-industries-300640719.html), 2018-05-02: "Asco is a compelling fit for Spirit that aligns extremely well with the strategic priorities we have been communicating."
- [newswire.ca](https://www.newswire.ca/news-releases/spirit-aerosystems-to-acquire-eu-based-supplier-asco-industries-681477091.html), 2018-05-02: "Asco is a compelling fit for Spirit that aligns extremely well with the strategic priorities we have been communicating."

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