Sale Shortly After Wag-Aero Divested Itself Of Its Interest In Leading Edge Air Foils
An interesting surprise occurred this week as Wag-Aero customers logged on to their site in order to order a few things...no Wag-Aero.
Instead, the site was redirected to Aircraft Spruce, which has apparently bought out the once popular Wag-Aero operations shortly after the same operation divested itself of its interest in Leading Edge Air Foils.
The following message appeared when the Wag-Aero site was accessed... "Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the basement of their family home in Lyons, WI, around the same time that Bob and Flo Irwin started Aircraft Spruce in the basement of their home in Fullerton, CA. Both companies published their first parts catalogs in 1965, and in 1971 Wag-Aero moved to their permanent facility on North Road in Lyons. In 1995 The Wagners sold Wag-Aero to Bill Read and Mary Myers who have continued (to) expand their parts distribution and manufacturing operations. Aircraft Spruce acquired only the Wag-Aero parts distribution division."
It's not the first big buy in the aero-biz... especially in light of the voracious aero-publication buying spree that was started last year by one 'Publisher' that has created serious concerns over the future course of aviation journalism and the concept of objective editorial... which seems to be in short supply. The big question is whether or not this will be good for aviation... and in light of how similar behaviors have affected other industries that experienced similar actions, there is reason to be concerned. More info when available...
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