Curtiss-Wright to Acquire Six Coating Application Facilities
March 24, 2003
Curtiss-Wright Corp., Roseland, N.J., signed an agreement to acquire selected assets of E/M, A Division of Morgan Chemical Products, Inc. ("E/M Coatings"), a subsidiary of The Morgan Crucible Co., plc, a $1.5 billion British manufacturer of technology based materials and components, for $16.7 million in cash. 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. The facilities have a total of 237,000 square feet and approximately 278 employees. They are located across the U.S. in Chicago, Ill.; Detroit, Mich.; Minneapolis, Minn.; Hartford Conn.; and North Hollywood and Chatsworth, Calif.