03:06 PM EST - Avcorp Industries Inc. : Has completed its acquisition of the assets and certain liabilities of the composite Aerostructures division of SGL Carbon SE's subsidiary, Hitco Carbon Composites Inc. The acquisition, which was first announced in July 2015, will approximately double Avcorp's revenue while strengthening its balance sheet. This acquisition will also significantly expand Avcorp's carbon composite manufacturing capabilities and result in the Company receiving cash, payment commitments and supplies valued at approximately $65 million. Avcorp Industries Inc.
shares T.AVP are trading down $0.005 at $0.08.
