Curtiss-Wright Buys EST Group For $40 Million
Company CEO Martin R. Benante said, "The acquisition of EST Group provides major growth opportunities in our core markets - nuclear power, oil and gas and naval defense."
He added that, "EST Group's expertise in heat management and cooling systems enables us to offer total life-cycle management for critical processes and positions us as a key supplier in the heat management business."
EST Group posted 2008 sales of nearly $20 million, and employs 99 people. The company has locations in Louisiana and Texas and a European sales office in the Netherlands.
Roseland, New Jersey-based Curtiss-Wright designs, manufactures and overhauls products for motion control and flow control applications, and provides a variety of metal treatment services. The firm employs around 8,000 people worldwide.
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