Business & GA, Commercial

Curtiss-Wright Buys Components Supplier

By Tish Drake | September 4, 2007
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Curtiss-Wright Corp. will pay $37.5 million to acquire IMC Magnetics Corp., a Tempe, Ariz.-based maker of solenoids, fans, motors and specialized products for aerospace, commercial and industrial applications. Curtiss-Wright, Roseland, N.J., said the business will become part of Curtiss-Wright's Motion Control segment. IMC's products are used by OEMs in a variety of applications such as fuel control systems, engine bleed, landing gear, wheel brake systems and aircraft hydraulic directional controls. "The addition of IMC Magnetics expands Curtiss-Wright's leadership in the integrated sensing arena," said Curtiss-Wright Chairman and CEO Martin R. Benante. "IMC brings exciting new technology and further diversifies our product offerings in the aerospace, defense and industrial markets. Their operations will also provide an additional manufacturing resource for numerous products in our portfolio."

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