Charlotte-based manufacturer Curtiss-Wright Corp. said Monday that it acquired “certain assets and liabilities” of Bolt’s Metallizing, a privately held company that manufactures thermal sprayed coatings for aerospace and industrial machinery.
Curtiss-Wright said in a statement the acquired company will operate within its commercial and industrial segment and will be immediately accretive, meaning it’s expected to add earnings to Curtiss-Wright shares. The Charlotte company did not disclose the cost of the transaction.
“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,” said David Adams, chairman and CEO of Curtiss-Wright.
Bolt’s specializes in the application of oxidation- and wear-resistant coatings for turbine engines and high velocity oxygen fuel coatings for landing gear components. The Phoenix-based company has about 25 employees and generated sales of about $6 million in 2014.
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Curtiss-Wright, a manufacturing company with roots that stretch to the Wright Brothers, moved its headquarters to Ballantyne in early 2014. The company reported sales last year of $2.2 billion, up from $2.1 billion in 2013.