Curtiss-Wright Acquires F.W. Gartner Thermal Spraying, Ltd.
Leading Supplier of Highly Engineered Advanced Wear Coatings for Premium
PARSIPPANY, N.J., Jan. 3, 2013 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation
(NYSE:CW) announced today that it has acquired the assets of F.W. Gartner
Thermal Spraying, Ltd., ("Gartner") of Houston, TX; a leading provider of wear
and abrasion resistant coatings for energy and power generation applications.
Established in 1923, Gartner has been a pioneer in the application of thermal
spray protective coatings that extend the life of severe service industrial
components. Gartner also provides laser cladding, precision weld repair and
machining/finishing services to complement its thermal spray coating
"The acquisition of F.W. Gartner strengthens our position within the highly
engineered thermal spray coatings market.Its location in the center of the
United States energy market and expertise in the application of wear resistant
coatings complements our existing thermal barrier spray coating business
serving the aerospace and industrial markets", said Martin R. Benante,
Chairman and CEO of Curtiss-Wright Corporation. "We intend to leverage the
significant cross synergies that exist between our thermal spray businesses
and also capitalize on worldwide growth opportunities for Gartner's
Thermal spray coatings are utilized to protect and enhance a broad variety of
critical components used in demanding industries such as aerospace, energy
exploration, petrochemical processing, mining and power generation.Gartner
applies its thermal spray coatings using a variety of techniques, including
high velocity oxygen fuel (HVOF), plasma spray and flame spray, to tailor the
coatings for specific end use properties.
Gartner has approximately 115 employees at two ISO 9001 accredited facilities
in the Houston, TX area and had sales of approximately $24 million in
2012.Going forward, the facilities will continue to do business as F.W.
Gartner Thermal Spraying, Ltd. as part of the Curtiss-Wright Surface
Technologies (formerly Metal Treatment) business segment.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is an innovative engineering company that provides
highly engineered, critical function products, systems and services in the
areas of flow control, motion control and surface treatment technologies to
the defense, energy and commercial/industrial markets. The legacy company of
Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of
design and manufacturing innovation along with long-standing customer
relationships. The company employs approximately 9,700 people worldwide. For
more information, visit www.curtisswright.com.
The Curtiss-Wright Corporation logo is available a
About Curtiss-Wright Surface Technologies Segment
The Curtiss-Wright Surface Technologies ("CWST") business segment provides
precision shot peening, laser peening, engineered coating and analytical
testing services to the aerospace, power generation, transportation and other
demanding general industrial markets through a global network of 70 locations.
For more information, visit www.cwst.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 performance of F.W. Gartner, the future opportunities associated
with this acquisition, and the success of the Company integrating F.W. Gartner
into its Surface Technologies 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
CONTACT: Jim Ryan
Curtiss-Wright Corporation Logo
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