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Curtiss-Wright Acquires Bolt's Metallizing, Inc.

March 16, 2015 Leading Supplier of Thermal Spray Coating Applications for Aerospace Customers CHARLOTTE, N.C., March 16, 2015 (GLOBE NEWSWIRE) -- Curtiss-Wright Corporation (NYSE:CW) today announced that it has acquired certain assets and liabilities of Bolt's Metallizing, Inc. (Bolt's). Bolt's is a leading provider of thermal spray coatings for critical aerospace applications, including high velocity oxygen fuel (HVOF) and plasma spray coating capabilities. The acquired business will operate within Curtiss-Wright's Commercial/Industrial segment and will be accretive immediately. "The acquisition of Bolt's is complementary to our existing engineered coatings offerings, adding high-technology services to our Surface Technologies business," said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. "This is consistent with our stated acquisition strategy of targeting strategic bolt-on companies and is expected to support our objectives of margin expansion, cash flow generation and solid return on invested capital. Further, it reinforces Surface Technologies' strategic objective to advance up the technological chain and expand the breadth of their technology and customer bases. Bolt's is located in a major US aerospace manufacturing area where we do not currently maintain a coatings presence, and this acquisition is expected to generate significant opportunities for technology transfer within our worldwide services network." Bolt's specializes in the application of oxidation resistant and abradable coatings for turbine engines and HVOF wear coatings for landing gear components. In addition to thermal spray coatings, the business has onsite capability for welding and brazing, which enables turnkey repairs of turbine engine components. Bolt's operates out of a 20k ft2 facility in Phoenix, AZ, and is NADCAP and ISO 9001 accredited. Bolt's has approximately 25 employees and generated sales of approximately $6 million in 2014. About Curtiss-Wright Corporation Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 9,000 people worldwide. For more information, visit www.curtisswright.com.