8 April 2011
April 8, 2011
Parsippany, NJ, April 8 – Curtiss-Wright Corporation, the parent firm of Metal Improvement Company, today announced that it has acquired the assets of BASF’s Surface Technologies business from BASF Corporation. The Surface Technologies business is a leading supplier of metallic and ceramic thermal spray coatings primarily for flight and industrial turbine applications. Going forward, the facilities will be branded and do business as Curtiss-Wright Surface Technologies (“CWST”.)
Thermal spray coatings are utilized to protect and enhance a wide variety of critical components used in the aerospace, automotive, diesel, power generation, medical and general industrial markets. These coatings provide thermal barrier protection, abrasion and erosion resistance, high temperature oxidation/corrosion resistance and environmentally friendly replacement for hard chrome plating. The three CWST facilities apply advanced GPX and APX thermal spray coatings, using high velocity oxygen fuel (HVOF), plasma spray and flame spray coating technologies, to tailor the coatings for specific end use properties.
The CWST business has approximately 150 employees at its three operating facilities located in East Windsor, CT, Wilmington, MA and Duncan, SC. All three facilities are ISO 9001 certified and Nadcap accredited for thermal spray coating of aerospace components.
Metal Improvement Company provides precision metal finishing services, including shot peening, laser peening, coating services and heat treating, through a network of over 68 facilities in North America, Europe and Asia. Metal Improvement Company is a wholly-owned subsidiary of the Curtiss-Wright Corporation.
Curtiss-Wright Corporation (NYSE: CW) is a diversified company headquartered in Parsippany, NJ. The company designs and manufactures products for motion control and flow control applications, and provides a variety of specialized metal treatment services. The firm employs approximately 7,600 people worldwide. For more information, visit www.curtisswright.com.
This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions. Such statements, including statements relating to Curtiss-Wright Corporation’s expectations for the future performance of the BASF Surface Technologies business unit, the future opportunities associated with the acquisition, and the success of the Company integrating BASF Surface Technologies into its Metal Treatment segment, are not considered historical facts and are considered forward-looking statements under the federal securities laws. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in US government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, marine, electronics and industrial companies. Please refer to the Company’s current SEC filings under the Securities Exchange Act of 1934, as amended, for further information.
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