BFGoodrich buys Autoliv Aerospace unit

CHARLOTTE, S.C. (Jan. 2)—The BFGoodrich Co. has completed its acquisition of the Autoliv Inc. OEA aerospace unit. The move is aimed at adding to Goodrich´s position in safety and space-flights systems, expands its current product offerings in the industry with OEA´s line of cartridge and propellant activated devices and facilitates growth into complete cockpit escape systems and space-related applications, the company said. BFGoodrich reported 1999 sales of $4.3 billion, with nearly 84 percent of its revenues accounted for by the aerospace industry. Terms of the OEA deal were undisclosed.