PFN Group Announces NP Aerospace Divestment
- Date: 5th January 2022
- Company: NP Aerospace
Saskatchewan Canada based PFN Group of Companies has divested its holdings in NP Aerospace.
The company has sold its shares in 11046896 Canada Inc to NP Aerospace CEO and shareholder, James Kempston for an undisclosed sum.
PFN revealed plans to divest NP Aerospace in July 2020 as part of its strategy to focus on military and defense closer to home with its 100% owned company Pro Metal Industries. The transaction results in Kempston increasing ownership from 50% to 100% of the business.