Curtiss-Wright To Acquire Advanced Material Process Corp.
March 13, 2003
Curtiss-Wright Corp., Roseland, N.J., announced the acquisition of selected assets of Advanced Material Process Corp. (AMP), a privately-owned company located in Wayne, Mich. AMP is a supplier of commercial shot-peening services primarily to the automotive market in the Detroit area. The total purchase price is approximately $5.7 million in cash with the assumption of certain operating liabilities. AMP has about 50 employees and has sales of approximately $5 million. In accordance with Curtiss-Wright acquisition criteria, the transaction is expected to be accretive to earnings within a year and meet the requisite return on capital and internal rate of return targets.