Curtiss-Wright Acquires Parylene Coating Services
Curtiss-Wright Corporation announced that it has acquired certain assets and liabilities of Parylene Coating Services, Inc. (”PCS”) of Katy, TX for approximately $7.6 million in cash. PCS applies parylene coatings primarily for the medical device industry. The business will become part of Curtiss-Wright’s Metal Treatment segment.
“The acquisition of PCS fits our strategy of expanding Curtiss-Wright’s coating services business into diversified markets. PCS’s expertise complements our existing global network of coating facilities and provides expanded access to the growing medical market,” said Curtiss-Wright Chairman and CEO Martin R. Benante.
PCS utilizes a vapor deposition process to apply parylene coatings to medical devices, including coronary artery stents, rubber/silicone seals and wire forming mandrels used in the manufacture of catheters. The conformal coating provides lubricity; resistance to solvents, radiation and bacteria; and is also biocompatible. In addition to medical applications, parylene coatings are uniquely suited for use in niche electronic, oil and gas and general industrial applications.
PCS’s facility is ISO 9001 registered and had sales of approximately $3 million in the 12 months ending August 2008.
