ALA acquires UK's STAG Group
Italian aerospace distribution, logistics and service provider, ALA (Advanced Logistics for Aerospace), has signed a definitive agreement to acquire the UK based STAG Group and its controlled companies: Spectech UK, Spectech France, Spectech US and Aircraft Components & Equipment Supplies.
STAG is an international distributor and supply chain services provider for the aerospace industry, with core presence in France and in the UK. The transaction is subject to customary closing conditions which are expected to be completed by the end of May.
The agreement combines the strengths of ALA and STAG and will leverage both companies' industry expertise and geographical footprint. The STAG Group acquisition strategically fits with ALA's priorities of European expansion and development of the market in the US and reinforces ALA's worldwide position as a leading distribution and supply chain solutions provider, climbing the worldwide ranks up into the top five.
Roberto Scaramella CEO - ALA commented: "We are working hard on building a truly successful multinational company to better serve our global customers. The STAG Group acquisition represents a key step along this path, giving us the opportunity to accelerate our growth and establish our leadership in the distribution and supply chain services sector."
Colin Davis, outgoing STAG chairman, endorsed this statement by adding: "We are delighted to close this transaction with ALA and offer an even brighter future to all our stakeholders. I will personally continue to cooperate with ALA throughout the transition phase to ensure business continuity."
ALA (Advanced Logistics for Aerospace) is a stocking distributor and provider of advanced logistics and innovative supply chain services and solutions to the aerospace industry. ALA has its main office in Naples-Italy with logistics plants and operating companies in Italy and in North America (Aerolyusa Inc. and Westbury Inc.).
STAG Group, with its controlled companies, Spectech UK, Spectech France, Spectech US and Aircraft Components & Equipment Supplies is a stocking distributor and supply chain services provider for the aerospace industry. STAG has its branches in UK, France and US (Seattle).
STAG also operates in the aircraft interiors manufacturing market, with the companies Race Completions and Flitetec; these are not part of the ALA acquisition and will continue to operate on a stand-alone basis.
