Business

Charlotte-based Curtiss-Wright sells Engineered Packaging unit

Charlotte-based manufacturer Curtiss-Wright Corp. said it has sold one of its business units that specializes in electronic packaging for military and aerospace customers, in an effort to concentrate on its core operations.

Curtiss-Wright sold “substantially all of the assets and liabilities” of its Littleton, Mass.-based Engineered Packaging business to Minnesota-based Atrenne Integrated Solutions, the company said in a statement late last week.

Terms of the deal were not disclosed.

The Engineered Packaging unit provides products that are designed to function in extreme real-world environments, including cooling of high-powered electronics and protection of equipment against heat, shock, vibration, humidity and other elements.

“The divestiture of this non-core operation further enables Curtiss-Wright to become a top-quartile performer in our peer group,” David Adams, chairman and chief executive officer of Curtiss-Wright, said in a statement.

A defense and aerospace manufacturing firm with roots that stretch to the Wright Brothers, Curtiss-Wright moved its headquarters to Ballantyne in early 2014.

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