LMI Aerospace and the Sonaca Group have closed on Sonaca's acquisition of LMI, creating a global leader in the design and manufacture of complex aerostructures.

"Our vision is on creating the structures that help our customers soar," said Dan Korte, LMI Aerospace chief executive officer. "Today, we continue that focus as a member of the Sonaca Group. While we retain the LMI Aerospace name and the recognition it carries in the industry, we now boast a new logo identifying us as part of the Sonaca family and reflecting the bright future we will build together."

"We welcome LMI Aerospace to the Sonaca Group," said Bernard Delvaux, Sonaca chief executive officer. "Our companies are a great match, with relationships to access different customers and complementary capabilities to better serve all of our customers. Together, we can reach a new dimension as we pursue our collective strategy for market expansion, revenue growth and continuous innovation."

Under the terms of the merger agreement, LMI shareholders are entitled to receive $14 per share in cash. The NASDAQ stock exchange has halted trading of LMIA shares and the de-registering process has commenced. LMI now operates as LMI Aerospace — A Member of the Sonaca Group. LMI headquarters remain in St. Louis.