James Flock, general manager of the local operation, says “HSM Machine Works, a division of the Italy-based Magnaghi Aeronautica Group (MA Group), anticipates it will add about 10 people over the next few years and expand its portfolio following MA Group's purchase of Air Marine and Airlift Hydraulics earlier this spring. The financial details of the acquisition were not disclosed.”
The recently acquired company "will be absorbed into the New York facility first and then gradually transfer some work down here [in Brunswick County]. We will be expanding our capabilities," he said.
HSM Machine Works operates at 2613 Mt. Misery Road in Leland. New York-based Blair-HSM operates another facility in Long Island, New York. The two companies are a division of MA Group. HSM Machine Works was established in the early 1970s and has been in the Cape Fear area since 1991, Flock said. HSM and Blair Industries merged in the late '90s. Blair-HSM was acquired by Italy-based MA Group in 2018, according to the company's website. The company also provide plating services and surface treatments for customers and the extended supply chain of the aerospace industry, the statement reads.
In a statement made on MA Group's LinkedIn page, company officials said that “the acquisition would strengthen and enhance services to all of its customers with an international presence, customers and partners can also count on seven industrial sites in Italy, Brazil and the USA, with about 800 global employees." Air Marine and Airlift Hydraulics is a supplier of landing gear maintenance, repair, overhaul services for aircraft primes and integrators.
“This acquisition marks a step forward in the expansion of our capabilities in the USA and increasing the offer of products, solutions and services for all of our customers' activities," said Paolo Graziano, CEO of the MA Group, in a company statement.
There's no timing yet on when some of the new capabilities or jobs will translate to the Brunswick County site, Flock said. "I think it's a great addition to the company," he said. "It increases our portfolio. It opens new marketplaces to us, and I think it's really going to help the company overall."
More info - https://www.magroup.net/en/
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