Saskatchewan-based PFN Group of Companies has divested its holdings in Coventry-based composite armour company NP Aerospace.
Press Release, Coventry, 04 January 2022: Saskatchewan, Canada, based PFN Group of Companies has divested its holdings in NP Aerospace.
The company has sold its shares in 11046896 Canada Inc to NP Aerospace CEO and shareholder, James Kempston for an undisclosed sum.
PFN revealed plans to divest NP Aerospace in July 2020 as part of its strategy to focus on military and defence closer to home with its 100% owned company Pro Metal Industries. The transaction results in Kempston increasing ownership from 50% to 100% of the business.