Dunlop Standard Aerospace Group demerges from BTR

Dunlop Standard Aerospace Group demerges from BTR

Keyword Dunlop

Dunlop Standard Aerospace Group recently announced today that its demerger from BTR plc is complete and has been granted full regulatory approval.

The group, including such well-known names as Standard Aero of Canada, Stewart Warner South Wind of the USA and the UK companies, Dunlop Aviation, Dunlop Precision and Serck Aviation,has been acquired for £510 million by Doughty Hanson & Co., Europe's leading private equity company. It is intended that the new group, which had sales of £246 million in 1997, will go public through an initial public offering in three to five years.

The new company will continue to be run by its existing management, led by Bob Hamaberg, chief executive and David Unruh, finance director, while the group companies will have a considerable degree of autonomy, as before. Dunlop Standard Aerospace Group employs 2,750 people worldwide (1,300 in the UK) and will have its headquarters in Britain.

Dunlop Standard Aerospace Group is divided into three divisions: Standard Aero (president David Shaw),Dunlop Aviation Division (managing director Piet Walton-Knight) and Aero Equipment (managing director David Jolmson).