Goodrich Corporation (NYSE: GR) has acquired Winslow Marine Products Corporation (Winslow), a leading provider of life rafts to the corporate aviation, helicopter, and marine markets. The transaction closed on September 30, 2011. Terms of the acquisition were not disclosed.
Winslow, a privately-held company, employs approximately 70 people at its Lake Suzy, Fla. facility. Founded in 1941, Winslow has a long history of innovation in the aviation and marine life raft markets. Winslow products are used by the leading corporate and business aircraft manufacturers, and are custom-designed to fit in a variety of aircraft interior configurations. Winslow has also successfully applied its aviation life raft design capabilities to the commercial helicopter market.
"Winslow's focus on customer satisfaction and delivery performance has created a leadership position in the market for corporate and business aircraft life rafts," said Cindy Egnotovich, segment president, Nacelles and Interior Systems at Goodrich. "This acquisition complements Goodrich's existing competencies in aviation safety products, fabric and technology and expands our broad aircraft interiors product portfolio."
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