Bodycote expands in the US, adds nine facilities

published 2 April 2012

Thermal processing services provider Bodycote has bought the heat treatment business of US aircraft manufacturer Curtiss-Wright Corporation, a bolt-on acquisition thought to fit 'extremely well' with the existing business, the group said.

Bodycote has purchased nine sites in northern and central America for a total consideration of $52m using existing cash and bank facilities. These serve a wide range of industries but have a particular focus on commercial aerospace and oil and gas.

"We are delighted to be acquiring this heat treatment business, which fits extremely well with our existing organization and our overall strategy. Adding these nine sites to Bodycote's existing 35 US plants provides significant additional capability and a broader customer base in key regions," said Bodycote's Chief Executive Officer Stephen Harris.