Curtiss-Wright Corp., Charlotte, N.C., has acquired certain assets and liabilities of Bolt’s Metallizing Inc., Phoenix, a leading provider of thermal spray coatings for critical aerospace applications. Capabilities include high-velocity oxygen fuel and plasma spray. The acquired business will operate within Curtiss-Wright’s Commercial/Industrial segment, and will be accretive immediately.
“The acquisition of Bolt’s is complementary to our existing engineered coatings offerings, adding high-technology services to our Surface Technologies business,” said David C. Adams, Chairman and CEO of Curtiss-Wright. “This is consistent with our stated acquisition strategy of targeting strategic bolt-on companies, and is expected to support our objectives of margin expansion, cash flow generation, and solid return on invested capital. Further, it reinforces Surface Technologies’ strategic objective to advance up the technological chain and expand the breadth of their technology and customer bases. Bolt’s is located in a major U.S. aerospace manufacturing area where we do not currently maintain a coatings presence, and this acquisition is expected to generate significant opportunities for technology transfer within our worldwide services network.”
Bolt’s specializes in the application of oxidation-resistant and abradable coatings for turbine engines, and HVOF wear coatings for landing gear components. In addition to thermal spray coatings, the business has onsite capability for welding and brazing, which enables turnkey repairs of turbine engine components. Bolt’s operates out of a 20,000 ft2 facility, and is NADCAP and ISO 9001 accredited. Bolt’s has approximately 25 employees and generated sales of approximately $6 million in 2014.
