AVI Aviation — the parent company of Aviation Inflatables and AVI Trading, a premier innovator of products and services for aerospace emergency equipment — announced on Jan. 17 that it has completed the acquisition of Survival Products, Inc.
Survival Products is a Hollywood, Florida based original equipment manufacturer (OEM) of life rafts for the aviation and maritime markets.
The company has been engineering, manufacturing, and servicing life rafts since 1970, and it is the world’s leading company in the segment of compact, lightweight, and affordable life rafts.
“This acquisition will help AVI Aviation capture emergency equipment sales and service opportunities in the general and business aviation market, and it will allow us to diversify into the maritime market,” said German Alvarez, CEO of AVI Aviation. “Survival Products is the perfect strategic fit for AVI’s expansion into the manufacturing of inflatable emergency equipment and their key components, such as pressure bottles.
“The acquisition will also benefit Survival Products’ customers by leveraging the existing technical, engineering, sales, and marketing resources at AVI Aviation,” Alvarez added.