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.