Home » Curtiss-Wright Acquires Controls Supplier for $102M
Curtiss-Wright Acquires Controls Supplier for $102M
August 1, 2007
Curtiss-Wright Corporation, Roseland, NJ, has acquired Benshaw Advanced Controls & Drives, Pittsburgh, PA, for $102 million in cash.   ; Benshaw is a supplier of motor control and protection product solutions for original equipment manufacturers (OEMs) and industrial customers. The business will become part of Curtiss-Wright's Flow Control segment.   ; The addition of Benshaw to the Curtiss-Wright family of companies provides a major opportunity to expand our product offerings in the commercial power, control electronics and systems markets," said Curtiss-Wright CEO Martin R. Benante. "Benshaw's expertise in electronic motor control and protection technology will support our growth in high speed motors and AP1000 pumps, as well as providing a low-cost manufacturing resource for future military applications."   ; Benshaw's customers are in the industrial HVAC market as well as the energy processing market, including petrochemicals, power generation, mining and transportation. Sales in 2006 were $82 million.   ; Benshaw has nine locations in the U.S. and two in Canada.   ; Curtiss-Wright Corp. is a diversified company that manufactures and overhauls products for motion control and flow control applications, and provides a variety of metal treatment services.