DCO - Ducommun Incorporated acquires Magnetic Seal Corporation; terms undisclosed

Magnetic Seal is a supplier of specialty magnetic seals for critical systems. The commercial terms were not disclosed. MagSeal supplies sealing solutions to U.S. military and is entrenched on more than 50 commercial and military aircraft programs, including the AH-64 Apache and CH-53K helicopters, F-15 and F-18 fighter jets, C-130 transports, A320, B737 and Cessna Citation jets. Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated (NYSE:DCO): “MagSeal is an excellent business with a strong reputation and further advances the company’s industry offering and I look forward to the many years of growth ahead.” The company funded the acquisition by utilizing cash on hand and a portion of its existing revolving credit facility.

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Ducommun Incorporated acquires Magnetic Seal Corporation; terms undisclosed