Aug. 21, 2007: Curtiss-Wright Acquires Benshaw Advanced Controls & Drives
August 21, 2007
ROSELAND, N.J. - Curtiss-Wright Corp. announced that it has acquired the stock of Benshaw Advanced Controls & Drives, Pittsburgh, for approximately $102 million in cash. Benshaw is a leader in the design, development, and manufacture of motor control and protection product solutions for leading original equipment manufacturers (OEMs) and industrial customers. The business will become part of Curtiss-Wright's Flow Control segment.
As a leading electrical engineering and manufacturing company, Benshaw provides turnkey motor and machine control and protection solutions for OEM customers. The company has an installed base of over 100,000 control units, with hundreds of custom systems designed. 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 approximately $82 million.
“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 Chairman and 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.”
Founded in 1983, Benshaw employs approximately 410 people and is headquartered in Pittsburgh, with nine locations in the U.S. and two in Canada.
More information on Curtiss-Wright can be found at www.curtisswright.com.
Publication date: 08/20/2007