Advertisement

REGIONAL ROUNDUP

Firm to Pay $12 Million for Philips Airvision Assets

September 28, 1993

BE Aerospace Inc. of Wellington, Fla., said it agreed to pay about $12 million in cash for most of the assets and certain liabilities of Philips Airvision, a Valencia-based manufacturer and marketer of audio and video equipment for airlines. The deal is expected to close sometime this week.

Philips Airvision is a division of Philips Electronics North America Corp., the U.S. subsidiary of Philips Electronics B.V., which is based in the Netherlands. BE Aerospace makes airplane seats and other aircraft cabin products.

Advertisement
Los Angeles Times Articles
|
|
|