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Continental Buys ECI

Continental Buys ECI

Continental Motors Group said today that is will purchase Danbury Aerospace, a group of aviation manufacturing companies that includes Engine Components International, the San Antonio, Texas-based manufacturer of PMA engine parts. Danbury is a privately held company and the dollar amount of the deal wasn’t disclosed by Continental. Because Continental is itself owned by the Chinese-based AVIC International, the purchase must still be approved by he State Department’s Committee for Foreign Investment, according to Rhett Ross, director of the Continental Motors Group and an AVIC vice president. FULL STORY

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