Monday, January 14, 2013
Chinese Investment Firm Acquires Enstrom
Enstrom Helicopter is under new ownership as Chongqing Helicopter Investment Co. (CQHIC) has purchased the Menominee, Mich.-based company. According to Enstrom President Jerry Mullins, the acquisition will allow Enstrom to expand in China and Asia while increasing production rates at the facility in Menominee through an investment from CQHIC. The manufacturer reports a 50 percent uptick in hiring over the past 18 months.
Related: Commercial Helicopter News