PARSIPPANY, NJ -- Curtiss-Wright Corp. announced that, through its Metal Treatment segment, it has signed a definitive purchase agreement to acquire the assets of BASF's Surface Technologies business from BASF Corp. The Surface Technologies business is a leading supplier of metallic and ceramic thermal spray coatings primarily for the aerospace and power generation markets.
"The acquisition of BASF's Surface Technologies business adds a new offering in the area of high-technology coatings to Curtiss-Wright's existing portfolio of niche coating technologies. Thermal spray coatings are synergistic with our current offering of highly engineered metal treatment services. We anticipate leveraging this technology for additional growth opportunities across our global network of metal treatment service facilities," said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corp.
BASF's Surface Technologies business generated sales of approximately $29 million in 2010 and has approximately 150 employees at its three operating facilities located in East Windsor, CT, Wilmington, MA, and Duncan, SC.
Curtiss-Wright to Buy BASF's Surface Technologies Business
February 6, 2011