Curtiss-Wright Announces Sale of Engineered Packaging Business

Curtiss-Wright Corporation

today announced that it has sold substantially all of the assets and liabilities of its Engineered Packaging business to Atrenne Integrated Solutions, Inc., an affiliate of RFE Investment Partners. "This transaction aligns with our long-term objective to improve operating margins, increase cash flow, and position Curtiss-Wright for sustained growth," said David C. Adams, Chairman and CEO of Curtiss-Wright Corporation. "Furthermore, it enables us to focus on our core businesses, while also providing a better strategic fit for their product portfolio. The divestiture of this non-core operation further enables Curtiss-Wright to become a top-quartile performer in our peer group." Founded in 1978, the Engineered Packaging business, located in Littleton, Mass., has developed unique expertise in electronic packaging solutions that are specifically tailored to operate in a variety of demanding real-world environments for leading military and aerospace customers. Those solutions include features such as extreme cooling of high-powered electronics, enhanced signal integrity properties, small dimensional footprint and weight, and intense ruggedness, including the ability to withstand heat, shock, vibration, acceleration, humidity, sand, dust, salt and other influences.