In 1972, a Corporation was formed under the name Kirkhill Aircraft Parts Company and later became known as Kapco Global. The company first began with a license agreement with McDonnell-Douglas to distribute about 600 proprietary spare parts. Sales were just under $600,000 the first year.
In 1974, Lockheed came on board. As we started to grow, we leased a small 11,000 square foot office in La Habra, California. Kapco Global purchased its first computer and began experiencing a steady growth rate of about 25%-30% over the next 10 years. In January 1981, we relocated to our current office in Brea, California.
Kapco Global has since become an authorized supplier of The Boeing Company and Lockheed. We established a licensee agreement with Honeywell-HPG in July of 2000. Kapco Global has become a major supplier to the airline industry for elastomeric seals, and other products. We are also an authorized distributor for Flexfab, Electrofilm, J.C. Carter and Stukerjurgen Aerospace, to name a few.
In 2001, we acquired Ball Glide, a machine shop which would help enhance our manufacturing capabilities. Ball Glide provides high quality precision products from small intricate parts to large complex products. It is highly specialized in multi-axis milling and turning and turnkey services, supported by exceptional project management to assure timely completion and delivery.
On December 14, 2001, we broke ground for our new 100,000 square foot facility in order to increase our warehouse capacity and efficiency. This state-of-the-art facility was the cornerstone for becoming a world class supply chain solution to our customer base.
On September 1, 2003, Kapco Global acquired Valtec Aircraft Supply. Founded in 1972, Valtec Aircraft Supply is a stocking distributor that supports the commercial airlines and independent repair facilities worldwide with a broad range of expendable, replacement sealing and clamp products. It has earned a dominant position in this industry as a result of specialization, and is one of the world’s largest suppliers of aircraft seals. Valtec provides high-quality parts at competitive pricing while, consistently meeting customer delivery expectations.
In 2006, we began to integrate Kapco Global and Valtec into a common business model. By combining our strengths in Supply-Chain Management with warehouses in Brea, CA and in Essex, CT, we are able to provide customers more comprehensive product availability from one source. The result is a simplified supply chain solution for our customers worldwide.
In December 2007, Kapco Global acquired HK Aerospace, a supplier of electrical connectors and related components for the manufacture, modification, installation and repair of aircraft IFE systems, avionics, interior wiring and harnessing in most all current commercial aircraft in service today.
In March 2008, Kapco Global acquired Avialec International; a prime interconnect specialist supporting Airbus and Boeing offering aerospace connectors, accessories, relays, wire and specializing in VAD connector build; meeting customer specific requirements. Avialec provides a complete integrated logistic service for all electrical components and complete harness management and supply.
On July 1, 2008, Kapco Global improved our logistical and customer support by opening a warehouse facility located in the Netherlands. As part of our continuous commitment to our customers, we now offer a more convenient shipping method for our European customer base and nearby countries.
In April 2009, Kapco Global acquired Boone Extend, a distributor of electrical, electromechanical and mechanical components for the aerospace and defense industries based in the UK, France, and the United States.
In July 2010, Kapco Global acquired Wings Electro Sales, a distributor of electro mechanical components and ground support expendables. Located in Wellington, Florida, Wings was established in 1985 with the goal to provide the airline industry with superior quality electro mechanical components, electrical hardware and components for airline ground support equipment. We believe that Wings is a great addition to our product portfolio and allows us to provide a broader range of aerospace electrical connectors and components to our current and potential customer base.
In February 2012, AAXICO, founded in 1952 joined the Kapco Global family with 60 years of aviation excellence. Established on the principles of integrity, service and convenience; they gradually established an unparalleled reputation and presence in all corners of the aviation market. Headquartered in Miami, Florida; AAXICO has offices worldwide and distribution facilities in the United States, Europe, and Asia. They are both manufacturers and distributors of a variety of aviation products including avionics, lighting, engine related equipment, sensors, indicators, and bearings.