Moog Inc. has agreed to buy a satellite and missile propulsion system manufacturer that has its main office in Niagara Falls for $46 million in cash.
The deal involves the in-space propulsion business of American Pacific Corp., which makes and develops liquid propulsion systems and components for satellites and missile defense systems.
The in-space propulsion unit is based at its factory on Walmore Road in Niagara Falls, although the business also has facilities in Dublin, Ireland, and Cheltenham and Westcott in England, along with a sales office in California.
"The in-space propulsion business complements our existing components and expands our propulsion systems capabilities," said Jay Hennig, president of Moog's space and defense group.
The deal, which will add about $51 million to Moog's annual sales, also will expand the space and defense unit's presence in Europe and give its operations more scale so it can provide "a complete satellite control offering," Hennig said.
American Pacific, a Las Vegas-based manufacturer that makes chemicals for the pharmaceutical, fire protection and aerospace industries, had put its in-space propulsion business up for sale so it could focus on its pharmaceutical products.
"Our goal was to find a strategic buyer that could continue to grow the business," Joe Carleone, AMPAC's president and chief executive officer, said in a statement.
The company's Niagara Falls plant, which employs 125, has propellant test facilities that can simulate conditions at altitudes of 120,000 to 140,000 feet.
Moog said it plans no changes that would affect local employees. The deal will close in September.