butler and hunsaker met late last summer and if you understand the intricacies of the two companies you know they don't compete directly but have some synergies ..
so aero announced an loi <letter of intent> re: acquiring dr. gas that was oct of 07 ..
over the next few months .. it became pretty obvious that *valuation* was a concern .. as i understand it .. family funds were co-mingled into the very private dr. gas over x no. of years .. that combined with a cba <cost benefits analysis> which apparently showed it was cheaper to go it alone .. ie .. the pipes aero needed to be done for their kits .. could be done in house .. and that came back to dilution and interestingly enough re: dilution .. management didn't want to incur that at the expense of their *shareholders of record*
if you check the website and go into media archives .. there is more info from the ceo re: his decision .. i think it's in the feb newsletter
so you see i view it as a positive and it may still come to pass .. 2 years down the road
but for right now .. areo closed their warehouse in calif .. and is *centralizing* all aspects of their business .. in their new facility in bluffdale .. and the best part is since they will have 2 sep office spaces one for warehousing .. and one for in house manufacturing for the pipes and their office space ..
i'd say it's a win win
look for some new product announcements within a few weeks of them completing the move .. among other things
I spoke with James (sales guy at AERO) last week regarding their products and the expected move.. he indicated that they have some prototypes that they have been working on, particularly the "kits" which require the mandrel bending for the tubing, and that they wanted to make sure they were "perfect" before moving them into production.
He was very excited about the move into the new space. It's apparently MUCH bigger and much nicer. 2 floors for offices and then a warehouse (with high ceilings) where they can store/ship product as well as complete the inhouse manufacturing. I'm very impressed with how they are streamlining things here. Pretty slick if you ask me.