Greenwood Manufacturer Acquired

Posted: Updated:
Novaria Group produces various components for the aerospace industry. Novaria Group produces various components for the aerospace industry.

A Greenwood-based manufacturer is among three companies acquired by Texas-based Novaria Group. L&E Engineering Co. Inc., along with Ohio-based Ferco Tech Corp. and GGF Manufacturing in Kentucky, produce various metal fabrications for aircraft engine manufacturers.

The three companies are subsidiaries of Ferco Aerospace. Novaria Group says the businesses have a combined manufacturing space of more than 120,000 square feet and 225 employees.

The company says manufacturing operations for all three companies will continue.

"For decades, these businesses have provided aerospace engine customers with consistently safe and reliable products. We look forward to their continued support of current and next-generation aircraft for years to come," said Bryan Perkins, co-CEO and president of Novaria Group. "Ferco Aerospace embodies Novaria’s consistent strategy of acquiring complementary businesses’ units with unique sets of capabilities that enhance existing operations. This, along with Novaria’s experienced management team, provides customers and access to more product and service solutions."

Novaria says the acquisitions will enable the company to establish "a third platform that focuses on higher-level assemblies and products requiring welding and unique fabrication."

"We have built a strong management team, and we are confident that with Novaria’s leadership and commitment to excellence in aerospace manufacturing, we will take the legacy of a well-established family-owned business to new levels of sophistication and expertise for generations to come," said Greg Sandberg, general manager of Ferco Aerospace,

  • Perspectives

    • The First Thing Nonprofit Boards Should Focus On: Member Engagement

      There is no shortage of literature on how to run a nonprofit and what the board of directors should be doing. Do a quick search for “grant writing advice” or “board meeting agenda” and you will easily find hundreds of resources. But if there is so much helpful information around, why is serving on a nonprofit board sometimes so draining? After founding two nonprofits, Musical Family Tree and the Speak Easy, as well as serving on several nonprofit boards...



  • Most Popular Stories

    • (photo courtesy The Times of Northwest Indiana)

      Hammond Pulls 135 Jobs from Illinois

      A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years. 

    • Gateway Park will lead into the downtown district.

      Plans For New Muncie Facility Halted

      Plans for a $75 million project at the former BorgWarner site in Muncie have come to a halt.  Nigel Morrison, director of Waelz Sustainable Products LLP says “a campaign of misinformation tainted the process and ultimately made it impossible for the city council to continue supporting the project.” The project was first announced in January and was slated to create up to 90 new jobs. The announcement follows the opposition of Muncie residents who...


    • ‘Transformation’ Continues in Westfield

      Indiana’s fastest growing city is showing no signs of slowing down.  Mayor Andy Cook says now that Westfield has established itself as a destination for family sports with the Grand Park Sports Campus, the $35 million Grand Junction Plaza will transform the city’s downtown into a destination, a place “where people want to be.”   Cook says the project, more than a decade in the making, is an example of a place making strategy necessary for Midwest...
    • Elanco is headquartered in Greenfield.

      Elanco to Acquire Bayer AG Animal Health Business

      Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) has entered into an agreement with Bayer AG (ETR: BAYN) to acquire its animal health business in a deal valued at $7.6 billion. If approved, it would double Elanco’s Companion Animal business and create the second-largest animal health company by revenue. “Joining Elanco and Bayer Animal Health strengthens and accelerates our IPP strategy, transforms our portfolio with the addition of well-known pet brands, brings...

    • Corn, Soybean Groups Name New CEO

      The the Indiana Soybean Alliance Indiana Corn Marketing Council and the Indiana Corn Growers Association have named a new chief executive officer. Courtney Kingery is currently global director of Health & Wellness Innovation for Chicago-based Tate & Lyle and has experience as a grain trader and marketing director for oilseeds and food ingredients for ADM.