LMI Aerospace shareholders approve acquisition by Sonaca Group

Merger agreement expected to close by end of June pending remaining regulatory approvals.

St. Louis, Missouri-based LMI Aerospace Inc. shareholders have approved the company’s acquisition by the Sonaca Group

“With the strong support our shareholders gave today, we are one step closer to building a bright future together with the Sonaca Group,” said Dan Korte, LMI Aerospace chief executive officer.

“We look forward to welcoming LMI Aerospace to the Sonaca Group,” said Bernard Delvaux, Sonaca chief executive officer. “As complementary businesses with different core customers, we see opportunities to combine our strengths to better serve our customers and expand our market access globally.”

Approximately 76.7% of outstanding shares voted, with more than 99.4% of votes cast in favor of the merger agreement. The transaction is subject to customary closing conditions, including required regulatory approvals. Closing is expected by the end of June 2017.

LMI Aerospace Inc. supplies structural assemblies, kits, and components and provides engineering services to the commercial, business and regional, and military aerospace markets. Manufacturing more than 40,000 products for a variety of platforms and providing turnkey engineering capabilities to support aircraft life cycles, LMI offers integrated solutions in aerostructures, engineering, and program management. LMI has 21 locations across the United States and in Mexico, the United Kingdom, and Sri Lanka.

Sonaca Group is a global company active in the development, manufacturing, and assembly of advanced structures for civil, military, and space markets. The group is known for its ability to design and produce advanced structures such as wing movables and complex fuselages. Sonaca Group also supplies engineering services, large sheet metal elements, wing panels, composite structures, and machined components. Headquartered in Gosselies, Belgium, it has production facilities in China, Romania, Canada, and Brazil.