Dec 21 (Reuters) - Avcorp Industries Inc AVP.TO :
* Doubles revenue and strengthens balance sheet through the completion of the
acquisition of hitco carbon composites aerostructures division
* Says Avcorp will receive approximately $58 million in cash and payment
commitments from sgl
* Deal will result in the company receiving cash, payment commitments and
supplies valued at approximately $65 million
* Says hitco's production is expected to contribute $93 million in new revenue
for Avcorp on an annual basis
* Avcorp will continue to operate hitco's aerostructures division facilities
from its current location in California
* Source text for Eikon ID:
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