Essex Industries acquires Momeni Engineering

Essex Industries acquired Momeni Engineering LLC, a manufacturing company located in Huntington Beach, California, effective Jan. 1, 2019.

Founded in 1947, Essex Industries is a supplier to the aerospace and defense market, providing platform controls, aircraft components, emergency breathing, and liquid oxygen equipment. The company employs more than 300 people in its four St. Louis facilities.

Momeni Engineering provides precision-machined OEM parts and assemblies to aerospace and medical companies [see photo for example parts]. Originally founded in the late 1980s, the company as currently structured was established in 2010. Momeni operates from two co-located facilities with 45 employees.

The company will continue to operate as Momeni Engineering in Huntington Beach, California.

The acquisition of Momeni supports Essex’ business strategy of further expanding its commercial aircraft product portfolio. With Momeni’s location, it will also provide improved service for Essex customers on the West Coast.

According to Evan Waldman, Essex CEO, “Essex and Momeni Engineering share common markets, manufacturing expertise, and values. Working together, we will be able to offer a broader range of products and enhanced customer service.”

Waldman assumed the role of CEO effective Jan. 1, 2019. A third-generation member of the company’s founding Guller family, Waldman is just the third CEO in the company’s 70-year history.