Heico (HEI +1.7%) says its Flight Support Group has completed its acquisition of Reinhold...

|By:, SA News Editor

Heico (HEI +1.7%) says its Flight Support Group has completed its acquisition of Reinhold Industries from The Jordan Company. Reinhold's management will remain with the company and it doesn't expect any employee turnover as a result of the acquisition. Financial details were not disclosed, but it expects the purchase to be accretive to earnings in the first 12 months following the closing.