By: ICN Bureau
Last updated : September 07, 2024 3:44 pm
Advanced Industrial Coatings provides solutions for the aerospace, semiconductor, medical, energy and other industrial sectors
Crawford United Corporation today announced the purchase of Advanced Industrial Coatings of Stockton, California, effective August 30, 2024.
Advanced Industrial Coatings provides solutions for the aerospace, semiconductor, medical, energy and other industrial sectors. Where demanding requirements for fluoropolymers and other high-performance coatings are required, Advanced Industrial Coatings offers custom solutions including non-stick, heat resistance, chemical resistance, and anti-corrosion applications.
“Advanced Industrial Coatings is strategically important to our growing presence in the aerospace and defense market,” said Brian Powers, CEO of Crawford United. “The acquisition will expand our offerings and diversify our customer base in this growing market segment,” he added.
The acquisition is expected to add approximately $5 million in annualized revenue to Crawford United and be immediately accretive to earnings.