KLX Acquires Herndon Aerospace & Defense - Modern Distribution Management

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KLX Acquires Herndon Aerospace & Defense

Acquisition expands company's capabilities.
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KLX Inc. (NASDAQ:KLXI), Wellington, FL, has acquired Herndon Aerospace & Defense LLC for $210 million.

Herndon Aerospace & Defense is a supply chain management and consumables hardware distributor serving principally military depot aftermarket customers, as well as commercial aerospace aftermarket customers.

“The acquisition of Herndon expands our capability to provide comprehensive aftermarket supply chain management solutions to a broader portfolio of aftermarket customers," said Amin Khoury, CEO of KLX.

KLX is a distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products for the oil and gas industry.

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