# Paramount Aerospace Industries acquires ADC and its subsidiaries

Paramount Aerospace Industries (PAI) acquired the Aerospace Development Corporation (ADC) and its subsidiaries through the business rescue process. PAI has ramped up manufacturing of the AHRLAC aircraft at the Wonderboom Airport factory.

- Type: Acquisition
- Announced: 2020-08-18
- Where: Wonderboom Airport, Pretoria, South Africa
- Status: completed
- Products: AHRLAC aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Paramount Aerospace Industries](https://endata.com/companies/49189.md) (acquirer)
- [Aerospace Development Corporation](https://endata.com/companies/49190.md) (target)

## Sources

- [paramountgroup.com](https://www.paramountgroup.com/media/news/future-of-ahrlac-secured-as-business-rescue-nears-completion/), 2020-08-18: "Paramount Aerospace Industries Proprietary Limited ("Paramount Aerospace Industries"), part of the Paramount Aerospace and Technology Group, announced today that the Business Rescue Plans of the Aerospace Development Corporation Proprietary Limited (ADC), the manufacturer of the AHRLAC aircraft and "
- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/paramount-advances-production-of-ahrlac-aircraft-2020-08-18), 2020-08-18: "Paramount Aerospace Industries Proprietary Limited ("Paramount Aerospace Industries"), part of the Paramount Aerospace and Technology Group, announced today that the Business Rescue Plans of the Aerospace Development Corporation Proprietary Limited (ADC), the manufacturer of the AHRLAC aircraft and "
- [metalworkingnews.info](https://metalworkingnews.info/future-of-ahrlac-secured-as-business-rescue-nears-completion/), 2020-09-04: "The state-of-the-art factory at Wonderboom Airport has been operational for several months under Paramount’s stewardship, with manufacturing being ramped up."

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