- Curtiss-Wright ( NYSE: CW ) said Wednesday it acquired Keronite, based in Cambridge, U.K., for $35M in cash.
- Keronite is a provider of plasma electrolytic oxidation surface treatment coatings for defense, commercial aerospace and industrial vehicle, and semiconductor manufacturing markets.
- Keronite is expected to generate sales of ~$9M in 2022 and is expected to be neutral to Curtiss-Wright's ( CW ) adj. EPS in its first full year of ownership and produce a strong free cash flow conversion rate of ~100%.
- The acquired firm will operate within Curtiss-Wright's ( CW ) aerospace & industrial segment.
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Curtiss-Wright acquires UK firm Keronite for $35M