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By Mary Grady, Contributing editor
Enstrom Helicopters, a small but growing company based in Michigan, has been sold to Chongqing Helicopter Investment Co. "This is a major step in moving Enstrom to a new level," said company president Jerry Mullins. "This strong ownership will allow further growth of our business in Menominee, Michigan, to meet the demands of the increasing markets around the world, especially Asia." Enstrom has increased its workforce by 50 percent over the last 18 months, and plans to expand its facilities in Michigan to support higher production rates. The new ownership will provide funding for new product development and increased marketing, the company said. Enstrom manufactures a three-seat piston-powered helicopter for training, sport and light commercial operations, and a larger turbine-powered model available with three to five seats as a trainer, executive transport or patrol aircraft. More than 1,100 Enstrom helicopters have been sold around the world. The company has changed hands several times since it was founded by Rudy Enstrom in 1959; most recently it was owned by Swiss investors. |
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Source: http://www.avweb.com/avwebflash/news/EnstromHelicoptersSoldToChineseFirm_208014-1.html?CMP=OTC-RSS
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