Ellison’s business generated revenues of $ 50 m (£ 38 m) in 2018, and anticipated revenue for 2019 will be $ 58 m (£ 44 m). Their growth reflects the fact that Ellison has been successfully gaining share in the civil aviation business, which will also provide a solid foundation for further growth in future years. The synergies between Bodycote and Ellison will enhance their service offering to aerospace customers. Ellison employs approx. 400 people across six sites located across the United States, Canada, and Mexico.
Stephen Harris, Group Chief Executive of Bodycote plc, commented “Ellison’s business is one that we have long respected and is a strategic fit for Bodycote’s aerospace and Specialist Technologies’ businesses. Ellison has been successful in winning new business in recent years and it will be very complementary to Bodycote’s existing surface technology business.”
Combining Ellison’s thermal spray and engineered coating surface technology services with Bodycote’s services and global infrastructure enhances the combined organization’s ability to deliver industry-leading solutions that address aerospace customers’ heat treatment and specialist thermal processing requirements.
Completion of the transaction is contingent on various regulatory filings’ processes; it is anticipated that the transaction will complete during the first quarter of 2020.
_{(Source: Bodycote)}