ARCHIVED  January 1, 1998

Aerocom to build in Frederick

Aerocom to build in Frederick

Christopher Wood

Business Report Editor
Weld County has struck again, luring a new manufacturing plant for a company expanding out of Boulder.
Aerocom Industries Inc. of Boulder is beginning construction on a 20,000-square-foot facility in Frederick to accommodate its growing manufacturing operations.
The expansion comes as Aerocom is preparing to be acquired by Unique Mobility Inc. of Golden. Unique Mobility develops energy-efficient electric and hybrid electric vehicle systems for automotive, industrial and aerospace applications.
Aerocom manufactures precision gears for the industrial and aerospace markets. The company recently secured a contract that will increase its manufacturing revenues twofold during the next 18 months. Aerocom posted revenues of $2 million in 1997.
The new Frederick facility will include space to accommodate manufacturing needs of Unique Power Products Inc., a Unique Mobility subsidiary charged with taking its products to market. Unique Power Products will use the manufacturing space to begin production of wheelchair motors for Invacare Corp.
Unique˜s acquisition of Aerocom is valued at an estimated $2.7 million, plus assumption of $1.1 million in debt. Completion of the acquisition is expected in January.
"We are excited about joining forces with Unique to grow our manufacturing operations," said Tom Lang, Aerocom˜s president and CEO. "Aerocom˜s core business is growing rapidly, and the broad range of commercial applications for Unique˜s proprietary technology promises to further accelerate our growth."
William G. Rankin, Unique˜s president and chief operating officer, said the acquisition will accelerate Unique˜s growth.
"This transaction is a milestone for Unique as it moves from an R&D contract-driven company to a manufacturing concern with volume production of electric motors and electronic controls," he said.
Weld County has attracted a number of Boulder County firms for expansion or relocations in recent years, including Dovatron International, Hauser Inc., Gerard˜s French Bakery, Applied Films Corp, Kaire International, Magnelab and others.

Aerocom to build in Frederick

Christopher Wood

Business Report Editor
Weld County has struck again, luring a new manufacturing plant for a company expanding out of Boulder.
Aerocom Industries Inc. of Boulder is beginning construction on a 20,000-square-foot facility in Frederick to accommodate its growing manufacturing operations.
The expansion comes as Aerocom is preparing to be acquired by Unique Mobility Inc. of Golden. Unique Mobility develops energy-efficient electric and hybrid electric vehicle systems for automotive, industrial and aerospace applications.
Aerocom manufactures precision gears for the industrial and aerospace markets. The company recently secured a contract that will increase its manufacturing revenues twofold…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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