In what Rogerson Aircraft Corp. said is part of a continuing series of acquisitions, the Irvine-based manufacturer of aircraft components said Tuesday that it will purchase two West German companies owned by a subsidiary of New York-based Sun Chemical.
However, news of the pending acquisition came as a surprise to Robert Davis, Sun Chemical's president, who said that, while his company has been looking for a buyer for the two German units since late last year, he was not aware that a final agreement had been reached with Rogerson.
Sun Chemical has been negotiating the sale of the two units, held by its Kollsman Instruments Co. subsidiary, which is based in Merrimack, N.H., and is "close to a decision," said Davis, who declined to confirm Rogerson's announcement.
Nevertheless, Rogerson made a formal announcement of the purchase, and John McNeil, Rogerson's vice president of technology and planning, said a firm deal has been struck between the two companies. The acquisitions should be complete "within the next few weeks," he added.