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SK Forms Axillon Aerospace, Carves Unit from Parker Hannifan

  • SK Capital has completed its carve-out acquisition of the North America composites and fuel containment division of Parker Hannifin (CFC Division) for $560 million.
  • The acquired business now operates as Axillon Aerospace, an independent provider of carbon fiber composites and fuel solutions for the aerospace sector.
  • Axillon Aerospace offers lightweight composite airframe structures, aerodynamic components for engines, radomes, ice protection systems, and crash-resistant fuel containment systems.
  • Under SK Capital ownership, Axillon operates six manufacturing facilities, employs approximately 1,700 people, and generates annual sales of around $350 million.

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