Sumitomo and Sumitomo Americas acquired Werner Aero, a U.S.-based company specializing in the procurement, dismantling and sale of retired aircraft and their components. Effective Dec. 27, 2024, Werner Aero became a wholly owned subsidiary of Sumitomo Americas.

“Werner’s strong network and operational expertise have positioned it as a leader in the high-demand narrow-body aircraft and regional jet market,” Toshinori Kondo, who assumed the role of CEO of Werner Aero on Jan. 1, 2025, succeeding founder Mike Cazaz, said. “This acquisition allows us to build on Werner’s strengths and accelerate our growth in the aircraft aftermarket industry.”

Sumitomo 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 services.