Cherokee Nation Industries Acquires Firm


Tuesday, February 24th 2009, 1:46 pm
By: News On 6


NewsOn6.com

STILWELL, OK -- Cherokee Nation Industries has acquired a Kellyville based business, Red Wing Products, Inc.

Red Wing manufactures and assembles electronic airplane parts for the Department of Defense and the aerospace industry.

CEO of Cherokee Nation Industries, Bryan Collins says their aerospace and defense unit is growing and that growth called for expansion possibilities.

"Red Wing currently produces many similar products in the same sector as Cherokee Nation Industries, making it an attractive fit to CNI's portfolio of businesses," said Bryan Collins. "It gives CNI new capabilities with its machine shop, more production space and an already trained workforce, but also many new opportunities into some areas that CNI has not yet penetrated."

Collins says by acquiring Red Wing, CNI will save approximately $1 million on outsourced parts.

The Red Wing acquisition adds approximately 30 employees.

"This is really a perfect fit for our company," Collins said. "Many of Red Wing's clients have also been long time customers and business associates of Cherokee Nation Industries and we look forward to continuing those relationships."

The company will now be known as Cherokee Nation Red Wing.

CNI, based in Stilwell, was established in 1969 to serve as the economic and workforce arm for the Cherokee Nation.