M&A Deal Summary

Curtiss-Wright Acquires Allegheny Coatings - Coating Businesses

On May 10, 2006, Curtiss-Wright acquired metals/mining company Allegheny Coatings - Coating Businesses from Diversified Coatings for 15M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 1st transaction in the Metals/Mining sector.
  • This is Curtiss-Wright’s 37th largest (disclosed) transaction.
  • This is Curtiss-Wright’s 16th transaction in the United States.
  • This is Curtiss-Wright’s 1st transaction in Indiana.

M&A Deal Summary

Date 2006-05-10
Target Allegheny Coatings - Coating Businesses
Sector Metals/Mining
Buyer(s) Curtiss-Wright
Sellers(s) Diversified Coatings
Deal Type Divestiture
Deal Value 15M USD

Target

Allegheny Coatings - Coating Businesses

Fremont, Indiana, United States
Allegheny Coatings - Coating Businesses located in Fremont, IN and Ingersoll, Ontario, apply high performance specialized coatings primarily to automotive braking and suspension components utilizing automated spray coating lines. Although their primary business is the spray application of galvanic high performance coatings for automotive industry brake rotors, ball studs and stampings, these businesses also provide application services to the farm equipment, trailer, military, marine and construction equipment industries.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States

Category Company
Founded 1929
Sector Diversified
Employees8,600
Revenue 2.8B USD (2023)
DESCRIPTION

Curtiss-Wright is a global company that delivers highly engineered, critical function products and services to the commercial, defense, energy, and industrial markets. Curtiss-Wright operates through three segments: Commercial/Industrial, Defense, and Energy. The Commercial segment offers products/services that include surface technology services such as shot peening, laser peening, coatings and advanced surface analytics; industrial products such as electronic throttle control devices and transmission shifters; electro-mechanical actuation control components, and utility systems used on aircraft. The Defense segment produces embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, and weapons handling systems. The Energy segment produces a wide range of hardware, pumps, valves, pressure vessels, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers. Curtiss-Wright was founded in 1929 and is based in Davidson, North Carolina.


DEAL STATS #
Overall 22 of 59
Sector (Metals/Mining) 1 of 2
Type (Divestiture) 14 of 17
State (Indiana) 1 of 2
Country (United States) 16 of 41
Year (2006) 2 of 2
Size (of disclosed) 37 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-18 Enpro Systems

Houston, Texas, United States

Enpro Systems Ltd. engages in design and manufacture of engineered pressure vessels, catalytic cracking process equipment and critical service valves for the petrochemical, refining and utility markets. Headquartered near Houston, Texas, the company has approximately 175 employees and occupies 95,000 square feet of space with complete engineering, fabrication, refractory, welding, machining, and repair capabilities.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Valve Systems & Controls

Houston, Texas, United States

Valve Systems & Controls provides critical valve, automation, and controls solutions for all facets of flow control operations to the oil and gas market. VSC's customers include virtually all of the well known engineering contractors and integrated oil and gas companies, with a primary focus in North and South America.

Buy $75M

Seller(S) 1

SELLER

Diversified Coatings

Ridgway, Pennsylvania, United States

Category Company
Founded 1985
Sector Metals/Mining
DESCRIPTION

Allegheny Coating is a coating/plating company provider of pray coating applicator in North America, company have pioneered the usage of high performance coatings and plating for powdered metal products. Company provide innovative coating solutions to the powdered metal industry, and are now the largest service company for the Powdered Metal industry. In addition, company now offer both low temperature (organic) and high temperature (inorganic) vacuum impregnation sealing of powdered metal parts.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1