A longtime Paris industry has a new name and owner.
Cornerstone Capital Holdings acquired AeroGen-TEK — formerly known as MECO — from Doncasters Group LTD. The industry is located south of Paris on state Route 1 in the industrial park.
Cornerstone Capital Holdings, with offices in Los Angeles and Philadelphia, is a diversified holding company comprised of leading manufacturing and industrial service businesses serving the aerospace, defense, space and industrial markets from 12 locations across North America.
AeroGen-TEK manufactures precision metal fabrications and machined components for aerospace, industrial gas turbine and marine markets. It specializes in building complex engine combustors, turbine engine inlets, exhaust components and augmentor liners.
With core competencies in metal forming, welding and precision laser hole drilling, the company is a critical supplier to many leading aircraft and gas turbine engine OEMs. Key customers include Rolls Royce, GE Aviation, Siemens, PSM and Mitsubishi Hitachi Power Systems.
President Tim Hough will continue to run the business and drive its dynamic growth objectives with both existing and new customers in aerospace, defense and power generation.
“Our entire team here has worked diligently and accomplished a tremendous amount over the past two years to expand and diversify our revenue base,” Hough said. “We are excited to now join Cornerstone Capital Holdings and work with their principals and other portfolio companies as we build upon AeroGen-TEK’s exciting positive momentum.”
The entire team at AeroGen-TEK is committed to supporting the local community, supporting and developing their current employee group, and continued growth by adding key team members to all aspects of the business, according to Eric Lawson, senior program manager at the Paris plant.
To learn more about the company, visit the website at www.aerogentek.com.