October 19, 2004 |
West Los Angeles-based buyout firm Aurora Capital Group said Monday that it would make its biggest purchase to date, buying aircraft wheel and brake maker K&F Industries Inc. for $1.06 billion in cash. K&F makes parts for civilian and military aircraft. "We like 'old economy' businesses, the kind that make a steady, stable profit," said Aurora Chairman Gerald L. Parsky. "That's what we've built our reputation on."