AVIC International Expands Commercial Aerospace Services Portfolio with the Acquisition of Align Aerospace

Align Aerospace Holding, Inc. (“Align” or the “Company”), Greenbriar Equity Group LLC (“Greenbriar”) and AVIC International Holding Corporation (“AVIC International”) announced that the transaction to sell Align to AVIC International Holding (Zhuhai) Company Limited, a wholly-owned subsidiary of AVIC International, has closed after receiving all necessary government approvals to proceed.

Headquartered in Chatsworth, CA, Align provides supply chain services for the aerospace industry and is a leading global distributor of fasteners and other hardware, primarily to aerospace original equipment manufacturers (OEMs) and OEM suppliers. The Company sells more than 100,000 SKUs through its distribution centers in California and France, and forward stocking locations throughout North America, Europe and Asia.

AVIC International is a diversified global company with activities in aerospace, trade and logistics, retail, electronics and real estate investment. Within the aerospace sector AVIC International has a strong emphasis on supply chain integration and management and is the primary channel for the import and export of commercial aerospace products in China.

“Align brings valuable experience in aerospace supply chain management to AVIC International,” said Mr. Wu Guangquan, Chairman of AVIC International. “With AVIC International’s investment, resources and relationships we plan to grow Align’s relevance with its current customers in parallel with expanding the business globally, especially in the China market.”