THE AFRANIE GROUP, LLC COMPLETES ACQUISITION OF HEINZ ENGINEERING INC.
GARDENA, Ca., September 24, 2020 — The Afranie Group, LLC (“Afranie”) announced today that it has closed on the acquisition of Heinz Engineering Incorporated (“Heinz”), a Los Angeles County based precision metal parts manufacturer for the aerospace and defense industries.
The Afranie team brings deep industry expertise to expand Heinz’s customer base, enhance its capabilities and strategically position the company to become a premier independent aerospace and defense supplier.
“Afranie is excited to welcome the Heinz team and its extremely talented employees into our company and we intend to remain focused on providing the high level of service to which Heinz’s customers have become accustomed”, said Osei Appiagyei, Chief Executive Officer of Afranie.
“The Heinz team is very much looking forward to continuing to work with our customers,” said Roger Heinz, the Chief Executive Officer of Heinz. “We also want our customers, trading partners, regulators and others with whom we interact, to know that Heinz will continue to be a leader in the industry.”
Dentons US LLP served as legal advisor to Afranie.
About Heinz Engineering, Inc
Heinz Engineering (“Heinz”) is a precision CNC machining operation that provides services mainly to the aerospace and defense sectors. Heinz owns 26 high-tech CNC machines, which produces small to medium sized parts and production lots. Heinz manufactures extraordinarily complex precision hardware with a variety of materials that include inconel, titanium, stainless steel, and aluminum.
Heinz’s talented engineering staff has achieved high standards of excellence that have earned it numerous letters of commendation for “top quality”, high attention to detail, and dedication to satisfying increasing customer needs.
Heinz has been in operation since 1975, and the company was started by John Heinz and carried on by his son Roger Heinz.
- Heinz on the web: www.HeinzEngineering.com
About The Afranie Group, LLC
The Afranie Group, LLC. (“Afranie”), a Delaware Corporation, is a privately-held investment firm organized to acquire and operate established privately-held businesses in the Aerospace and Aviation industries, focusing on lower middle market sized companies.
Afranie aims to grow both organically and through acquisitions, to become a leader in the small to middle market aerospace, aviation, and defense manufacturing sectors.
- Afranie on the web: afraniegroup.com