M&A Deal Summary

Curtiss-Wright Acquires E/M Coatings Solutions

On March 21, 2003, Curtiss-Wright acquired chemicals company E/M Coatings Solutions from Morgan Chemical Products for 17M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 1st transaction in the Chemicals sector.
  • This is Curtiss-Wright’s 35th largest (disclosed) transaction.
  • This is Curtiss-Wright’s 8th transaction in the United States.

M&A Deal Summary

Date 2003-03-21
Target E/M Coatings Solutions
Sector Chemicals
Buyer(s) Curtiss-Wright
Sellers(s) Morgan Chemical Products
Deal Type Divestiture
Deal Value 17M USD

Target

E/M Coatings Solutions

United States
E/M Coatings facilities are the major provider of solid film lubricant coatings. E/M Coatings' application facilities have the capability of applying over 1,100 different coatings to impart lubrication, corrosion resistance, and certain cosmetic and dielectric properties to selected components.

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Buyer(S) 1

Buyer

Curtiss-Wright

Davidson, North Carolina, United States

Category Company
Founded 1929
Sector Diversified
Employees8,600
Revenue 3.1B USD (2024)
DESCRIPTION

Curtiss-Wright is a global company that delivers engineered, critical-function products and services to the commercial, defense, energy, and industrial markets. The company 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 10 of 60
Sector: Chemicals M&A 1 of 7
Type: Divestiture M&A Deals 8 of 17
Country: United States M&A 8 of 41
Year: 2003 M&A 1 of 4
Size (of disclosed) 35 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-25 TAPCO International

Channelview, Texas, United States

TAPCO designs, engineers and manufactures high-performance metal seated industrial gate valves, butterfly valves, flapper valves, actuators, and internal components used in high-temperature, highly abrasive, and highly corrosive environments in the petrochemical refining industry. It also provides inspection, installation, repair and maintenance, and other field services for harsh environment flow control systems.

Buy $11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-04 Peritek

Oakland, California, United States

Peritek has supplied state-of-the-art graphics and peripheral cards to a variety of industries including aviation, defense and medical. Its cutting-edge graphics controllers include PMC, PCI, CompactPCI and VME solutions that support a number of operating languages including Solaris, Windows, Linux, VxWorks and LynuxOS.

Buy $3M

Seller(S) 1

SELLER

Morgan Chemical Products

United States

Category Company
Sector Chemicals
DESCRIPTION

Morgan Chemical Products Inc.provider of solid film lubricant coatings, serves a diverse customer base including the aerospace, automotive, electronics, industrial, medical, military and semi-conductor markets.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2003 M&A 1 of 1
Size (of disclosed) 1 of 1