M&A Deal Summary

Curtiss-Wright Acquires Morgan Advanced Ceramics - Everlube Products Division

On April 2, 2004, Curtiss-Wright acquired chemicals company Morgan Advanced Ceramics - Everlube Products Division from Morgan Advanced Ceramics for 6M USD

Acquisition Highlights
  • This is Curtiss-Wright’s 3rd transaction in the Chemicals sector.
  • This is Curtiss-Wright’s 44th largest (disclosed) transaction.
  • This is Curtiss-Wright’s 12th transaction in the United States.
  • This is Curtiss-Wright’s 1st transaction in Georgia.

M&A Deal Summary

Date 2004-04-02
Target Morgan Advanced Ceramics - Everlube Products Division
Sector Chemicals
Buyer(s) Curtiss-Wright
Sellers(s) Morgan Advanced Ceramics
Deal Type Divestiture
Deal Value 6M USD

Target

Morgan Advanced Ceramics - Everlube Products Division

Georgia, United States
Everlube Products is a pioneer and engaged in manufacturing solid film lubricant (SFL) and other specialty engineered coatings with more than 180 formulations available. Everlube coatings include well-known, proprietary brands such as Everlube®,EverSlik ®,Lube-Lok®,Lubri-Bond®, Perma- Slik®,Kal-Gard®,Electrobond®, Electrolube®.

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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 16 of 59
Sector (Chemicals) 3 of 7
Type (Divestiture) 11 of 17
State (Georgia) 1 of 1
Country (United States) 12 of 41
Year (2004) 3 of 6
Size (of disclosed) 44 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-24 Morgan Advanced Ceramics - Coatings Business

United Kingdom

Morgan Advanced Ceramics - Coatings Business Evesham manufactures and applies an extensive range of solid film lubricant (SFL) coatings which provide lubrication, corrosion resistance and enhanced engineering performance. These coatings are applied under the trade names of Everlube, Ever-Slik, Lube-Lok, Lubri-Bond, Flurene and Perma-Slik to steel, titanium and aluminum substrates.

Buy £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-17 Primagraphics Holdings

Letchworth Garden City, United Kingdom

Primagraphics is engaged in the development of radar processing and graphic display systems used throughout the world for military and civil applications, such as ship and airborne command and control consoles, vessel tracking, air traffic control and air defense systems.

Buy $21M

Seller(S) 1

SELLER

Morgan Advanced Ceramics

Hayward, California, United States

Category Company
Founded 1991
Sector Electronics
DESCRIPTION

Morgan Advanced Ceramics Inc. manufactures and markets industrial ceramic components and assemblies to the medical, telecommunications, semiconductor, and aerospace markets.


DEAL STATS #
Overall 2 of 2
Sector (Chemicals) 2 of 2
Type (Divestiture) 2 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2004) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-24 Morgan Advanced Ceramics - Coatings Business

United Kingdom

Morgan Advanced Ceramics - Coatings Business Evesham manufactures and applies an extensive range of solid film lubricant (SFL) coatings which provide lubrication, corrosion resistance and enhanced engineering performance. These coatings are applied under the trade names of Everlube, Ever-Slik, Lube-Lok, Lubri-Bond, Flurene and Perma-Slik to steel, titanium and aluminum substrates.

Sell £3M