LAS VEGAS, July 31, 2012 /PRNewswire/ -- American Pacific
Corporation ("AMPAC") (NASDAQ: APFC) announced today that it
completed the divestiture of its Aerospace Equipment segment or In-Space
Propulsion business to Moog Inc. (NYSE: MOG.A and MOG.B). The purchase
price is approximately $46 million in cash and the divestiture will be
effective as of August 1, 2012. The In-Space Propulsion business, with
locations in New York, California, Ireland and the United Kingdom, is a
developer and manufacturer of liquid propulsion systems and components for
satellites and missile defense systems.
Capital Partners acted as financial advisor and Morrison & Foerster acted as legal advisor to AMPAC. Hodgson
Russ acted as legal advisor to Moog Inc.
ABOUT AMERICAN PACIFIC CORPORATION
AMPAC is a leading custom manufacturer of fine and specialty
chemicals. AMPAC supplies active pharmaceutical ingredients and advanced
intermediates to the pharmaceutical industry. For the aerospace and
defense industry, AMPAC provides specialty chemicals used in solid rocket
motors for space launch and military missiles. AMPAC produces clean
agent chemicals for the fire protection industry, as well as electro-chemical
equipment for the water treatment industry. Additional information
about AMPAC can be found at www.apfc.com.
Contact: Dana Kelley – (702) 735-2200
ABOUT MOOG INC.
Moog Inc. is a worldwide designer, manufacturer, and
integrator of precision control components and systems. Moog's high-performance
systems control military and commercial aircraft, satellites and space
vehicles, launch vehicles, missiles, automated industrial machinery, wind
energy, marine and medical equipment. Additional information can be
found at www.moog.com.
Contact: Ann Marie Luhr – (716)
SOURCE American Pacific Corporation