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August 24, 2015

Heico acquires Chester manufacturer

Florida-based defense and electronics manufacturer Heico Corp. said it’s expanding its Connecticut presence.

Heico, which has its turbine kinetics division in Glastonbury, said it has acquired Chester’s Astroseal Products Manufacturing Corp., which makes composite materials used to protect parts of planes and helicopters from lightning strikes.

Financial terms of the all-cash transaction were not disclosed.

Heico said most of Astroseal’s staff will remain in Chester.

The company also announced that it had purchased an 80 percent stake in Iowa-based Midwest Microwave Solutions, which makes communications and electronic intercept receivers and tuners.

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