Loar to acquire Schroth Safety Products

Loar Group has acquired Arnsberg, Germany-headquartered Schroth Safety Products after receiving the regulatory go ahead.

Schroth designs and manufactures advanced occupant safety systems (such as seatbelts and airbags) for the global aerospace, defence, and high-performance consumer industries.

Diehl

Around 90 per cent of Schroth’s sales are products that have highly engineered and customised designs containing proprietary intellectual property with its customers typically major OEMs across both the commercial and military aircraft segment as well as those serving the automotive/racing and emergency services markets.

“The company’s strong management team, engineering talent, and product offerings will expand our capabilities and improve Loar’s ability to serve our customers’ unique and niche demands,” said Dirkson Charles, Loar Group’s CEO and co-chairman. “Schroth brings a portfolio of trusted aerospace products, such as structure mounted airbags, two-point and multi-point restraints, and highly engineered military seating and restraints, in addition to non-aerospace restraints used in a multitude of racing applications.”

He added that given that close to 60 per cent of Loar’s sales are to the aftermarket, it expects to help drive Schroth’s aftermarket sales. “We believe the combination of Loar and Schroth will provide Schroth with the ability to continue serving its customers with high quality and customised solutions, while also providing access to growth capital and human resources that can be used to meet their customers’ future needs,” said Charles.

The transaction is scheduled to close before the end of July.

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