BLUFFDALE, Utah — Aero Performance Products this week announced several goals for the company for the 2009 calendar year, including advancement of Aero’s roll-up strategy through a planned targeted acquisition.
When Aero became public in October 2008, the company expressed its intention to seek acquisition candidates in the automotive supply market that present significant synergies with the operations of Aero Exhaust. The company expects to execute an acquisition as part of its roll-up strategy in the performance automotive market in early 2009.
“There currently are opportunities to acquire quality companies that present significant synergies with the operations of Aero Exhaust, and we look forward to completing the first of our planned acquisitions in 2009,” said CEO Bryan Hunsaker. “We believe this strategy will benefit the company in several ways.
“First, additional revenues included as part of the company’s consolidated financial statements will help to improve the valuation of Aero’s common stock in the public markets. The improved market valuation is not only good for stockholders, but it is expected to allow the company to more easily attract investment capital to finance the further growth of Aero’s operations, and allow the company to increase revenues more rapidly than relying only on organic quarter-over-quarter growth. Second, the consolidation of operations of two companies can provide cost savings for both, allowing each to operate more profitably,” he added.
During the 2008 calendar year, the company expanded distribution of Aero Exhaust core muffler products in U.S. and international markets to meet growing demand. For 2009, the company will seek to make a greater supply of its core muffler products available to its distributors. In addition to increased supply of its core muffler products, the company intends to roll out additional Aero products in the future, including its exhaust system kits.
“2008 was an eventful year for the company, in which some of its goals were accomplished and others we expect to reach in 2009,” Hunsaker said.
In addition to increased product distribution and improved financial performance in every quarter of the year over the corresponding quarter in the previous year, Aero recently completed its move to a new corporate headquarters located in Bluffdale, Utah. The move, which provides a single location for Aero’s administration, warehousing, and product development, will serve to reduce the company’s operational costs while providing increased capacity to grow revenues.
