MENOMINEE, Mich. (WBAY) – A Texas-based company says it has an agreement to buy the assets of the Enstrom Helicopter Corporation and it plans to reopen the Enstrom factory in Menominee.
Enstrom declared Chapter 7 bankruptcy citing “severe financial difficults” and announced it was closing January 21 after 64 years in business.
MidTex Aviation says its purchase agreement approved by a U.S. bankruptcy court in Michigan includes the former Enstrom buildings, aircraft, parts, tooling, materials, intellectual property, drawings, and airport lease.
MidTex says it’ll form a new entity, Enstrom Aerospace Industries, to build new helicopters, provide parts and support to existing customers, and expand on engineering services and component manufacturing.
“We already have a number of former Enstrom employees working with us on a contract basis. After closing, we expect to make job offers to a substantial number of former Enstrom employees,” a statement from MidTex’s Kevin Griffin said.
The former president of Enstrom, Matt Francour, added, “The former employees and management team couldn’t be more excited about the opportunity to work for a new company operating the facility. This was the best possible outcome.”
Copyright 2022 WBAY. All rights reserved.
