Sumitomo Corporation of Americas Completes Full Acquisition of Werner 
Aero LLC to Drive Growth in Aircraft Aftermarket Business 
 
 
   PR Newswire 
 
 
   NEW YORK, Jan. 10, 2025 
 
 
   NEW YORK, Jan. 10, 2025 /PRNewswire/ -- Sumitomo Corporation and 
Sumitomo Corporation of Americas (together "Sumitomo") have announced 
the full acquisition of Werner Aero LLC, a leading U.S.-based company 
specializing in the procurement, dismantling, and sale of retired 
aircraft and their components. Effective December 27, 2024, Werner Aero 
became a wholly owned subsidiary of Sumitomo Corporation of Americas, 
solidifying its position as a key player in the aircraft aftermarket 
sector. This strategic move reflects Sumitomo's commitment to 
capitalizing on the growing demand for used aircraft parts driven by 
global aviation recovery and supply chain challenges. 
 
 
 
   With more than 30 years of expertise, Werner Aero has established itself 
as a trusted partner to airlines and leasing companies worldwide. The 
company's comprehensive business model includes the procurement of used 
aircraft, dismantling and extracting parts, repair and maintenance, 
inventory management, and parts sales. Unlike many of the companies that 
focus solely on parts resale, Werner Aero provides end-to-end solutions, 
delivering unmatched value to its customers. 
 
 
   "Werner's strong network and operational expertise have positioned it as 
a leader in the high-demand narrow-body aircraft and regional jet market, 
" said Toshinori Kondo, who assumed the role of CEO on January 1, 2025, 
succeeding founder Mike Cazaz. "This acquisition allows us to build on 
Werner's strengths and accelerate our growth in the aircraft aftermarket 
industry." 
 
 
   Sumitomo Corporation of Americas initially acquired a 51% stake in 
Werner Aero in 2022, and the full acquisition marks the next step in its 
long-term strategy. The decision was driven by the favorable market 
conditions for maintenance, repair, and overhaul $(MRO)$ services. The 
aviation industry is experiencing increased demand for used parts due to 
delayed aircraft deliveries caused by global labor shortages and supply 
chain disruptions. By leveraging SC and SCOA's financial resources, 
global airline network, and group synergies, Werner Aero has 
significantly expanded its procurement channels and operational 
capabilities. 
 
 
   The full acquisition enables closer collaboration between Werner Aero 
and Sumitomo Corporation's group companies. Enhanced global coordination 
will further strengthen Werner Aero's competitive advantage. This 
approach aligns with Sumitomo Corporation's broader goals to drive 
profitability and achieve sustained growth in the aviation sector. 
 
 
   About Sumitomo Corporation of Americas 
 
 
   Sumitomo Corporation of Americas is the largest subsidiary of Sumitomo 
Corporation, an integrated trading company with a strong global network 
comprising 128 offices in 66 countries and regions. The Sumitomo 
Corporation Group consists of approximately 900 companies and nearly 
80,000 employees on a consolidated basis. The Group's business 
activities are spread across the following nine groups: Steel, 
Automotive, Transportation & Construction Systems, Diverse Urban 
Development, Media & Digital, Lifestyle Business, Mineral Resources, 
Chemicals Solutions and Energy Transformation Business. Sumitomo 
Corporation is committed to creating greater value for society under the 
corporate message of "Enriching lives and the world," based on 
Sumitomo's business philosophy passed down for over 400 years. For more 
information, please refer to our website at www.sumitomocorp.com. 
 
 
   About Werner Aero 
 
 
   Founded in 1993, Werner Aero specializes in aircraft lifecycle solutions, 
including asset management, maintenance, and disassembly services. The 
company serves as a trusted partner to airlines, MROs, and leasing 
companies, offering flexible and innovative solutions that enhance 
operational efficiency. Werner Aero operates a 2,500-square-meter 
warehouse in New Jersey, stocked with thousands of aircraft parts to 
support its clients' needs. 
 
 
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   SOURCE Sumitomo Corporation of Americas 
 
     /CONTACT: Amy Babcock-Smith, Sumitomo Corporation of Americas, amy.babcock@sumitomocorp.com 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 10, 2025 09:08 ET (14:08 GMT)