EVERETT — About 1,200 Goodrich Corp. employees in Everett will have a new employer by the end of the year.
On Monday, Goodrich announced it has reached an agreement to sell its airframe heavy maintenance business, Goodrich Aviation Technical Services Inc., to Macquarie Bank Ltd. Goodrich operates a 950,000-square-foot facility in Everett, providing maintenance, repair and overhaul services to airlines and cargo customers around the world.
“We expect it to be business as usual,” said Denise Anderson, a Goodrich spokeswoman.
Workers in Everett learned of the news Monday afternoon during a company meeting. Additional meetings will be held throughout the week since Goodrich employs 1,200 in several shifts, including weekend shifts.
The Sydney, Austrailia-based Macquarie Bank employs more than 10,000 people in 24 countries and lists approximately $160 billion in assets. It operates five international airports, including facilities in Copenhagen; Brussels; and Bristol, England.
Macquarie also leases about 130 commercial jets to more than 50 operators worldwide. The company additionally is the third-largest engine lessor in the world.
Macquarie has indicated that it does not intend to cut jobs in Everett as a result of the deal, Anderson said. In fact, she said, the company has expressed interest in expanding operations in the region.
“They really want to grow it,” she said.
Aviation Technical Services performs airframe heavy maintenance such as aircraft painting, passenger-to-freighter conversions, engineering and certification, and component repair and overhaul. Goodrich is headquartered in Charlotte, N.C.
The company isn’t focused on aircraft heavy maintenance and, therefore, decided to get out of that part of the business, Anderson said. Goodrich provides aircraft brakes, wheels and landing gears.
The company also installs covers on jet engines at a Snohomish County site. Goodrich owns three hangars at Everett’s Paine Field.
The maintenance, repair and overhaul company got its start in 1970 in Seattle and moved to Everett in 1977. B.F. Goodrich became the owner in 1988, and the company became known as Goodrich Aviation Technical Services in 2001.
Financial terms of the agreement between Goodrich and Macquarie were not released.
Reporter Michelle Dunlop: 425-339-3454 or mdunlop@heraldnet.com.
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
