17 January 2013
Another GA firm has been taken over by Chinese investors as Enstrom Helicopters, a small but growing company based in Michigan, is sold to Chongqing Helicopter Investment Co.
The company has gone from one non-US owner to another, most recently being owned by Swiss investors.
Enstrom president Jerry Mullins said, “This is a major step in moving Enstrom to a new level. This strong ownership will allow further growth of our business in Menominee, Michigan, to meet the demands of the increasing markets around the world, especially Asia.” Enstrom has increased its workforce by 50% over the last 18 months, and plans to expand its facilities in Michigan to support higher production rates, adding capacity to Enstrom’s US supplier base, which is currently over 450.
The new ownership will provide funding for new product development and increased marketing, the company said. Enstrom manufactures a three-seat piston-powered helicopter for training, sport and light commercial operations, and a larger turbine-powered model available with three to five seats as a trainer, executive transport or patrol aircraft.
<a href=’http://www.enstromhelicopter.com’ target=’_blank’>www.enstromhelicopter.com</a>
