Curtiss-Wright acquires Phoenix-based Bolt’s Metallizing

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.

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.

This story was originally published March 17, 2015 at 6:53 AM with the headline "Curtiss-Wright acquires Phoenix-based Bolt’s Metallizing."