February 8, 2017
CURTISS-WRIGHT ACQUIRES PARA TECH COATING
Leading applicator of parylene conformal coatings for protection of electronic and medical components
Paramus, N.J. – February 8, 2017– Curtiss-Wright’s Surface Technologies (CWST) division announced today that it has completed the acquisition of the net assets of Para Tech Coating, Inc. (Para Tech). With facilities in Aliso Viejo, CA; Middleton, CT and Neenah, WI, Para Tech is a leading provider of parylene conformal coating services for Aerospace & Defense electronic components as well as critical Medical devices.
“We are excited to combine Para Tech’s strong application engineering and equipment manufacturing capabilities with our existing network of parylene coating facilities,” said David Rivellini, Vice President and General Manager, Surface Technologies division. “We now have six locations worldwide providing parylene coating services and the infrastructure to facilitate further international expansion of this unique coating.”
Parylene is a polymeric coating applied by vapor deposition in a vacuum environment to ensure coating purity and integrity. It is well suited to ruggedizing high value printed circuit boards and electronic components due to its combination of high dielectric strength, moisture resistance, thin profile, and transparency. Medical applications also benefit from parylene’s intrinsic properties of lubricity, biocompatibility and resistance to solvents, radiation and bacteria.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,400 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 opportunities associated with the acquisition, the success of transferring Para Tech’s technology throughout our existing world-wide network, and the success of the Company integrating Para Tech into its Commercial/Industrial 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.