Astronics Corporation has signed a definitive agreement under which Hughey & Phillips, LLC, will acquire the Airfield Lighting product line from Astronics. The transaction, subject to customary closing conditions and adjustments, is expected to close on or before July 12, 2019.
Peter J. Gundermann, Chairman, President and Chief Executive Officer, commented, “As we continue to build and grow our business, the Airfield Lighting product line comprised less than 1% of our 2018 revenue and no longer fits within our core offerings. This transaction allows us to focus our efforts and drive more profitable growth across our organization.”
Hughey and Phillips (H&P) is one member of a conglomerate of companies serving the aviation, transportation, security and medical markets from its headquarters in Urbana, Ohio. H&P is a global leader in obstruction and airport lighting products and has been serving the safety needs of the transportation industry since the 1930s.
