B/E Aerospace acquires Honeywell International's aerospace consumables business

WELLINGTON, Fla., 2 Aug. 2008. B/E Aerospace Inc. has completed the acquisition of Honeywell's Consumables Solutions distribution business (HCS).

"We look forward to partnering with Honeywell Aerospace as we supply its production facilities and sell its aerospace consumables to the global aerospace industry," comments Amin J. Khoury, chairman and CEO of B/E Aerospace.

The purchase price for the HCS acquisition consisted of $901.4 million of cash consideration, plus six million shares of the company's common stock. .