- Ducommun Inc DCO has completed the acquisition of Rhode Island-based Magnetic Seal Corporation (MagSeal). Deal terms were not disclosed.
- MagSeal is a provider of high-impact, military-proven magnetic seals for critical systems in aerospace and defense applications.
- MagSeal supplies sealing solutions to the U.S. military and is entrenched in more than 50 commercial and military aircraft programs.
- Ducommun financed the transaction via cash on hand and a portion of its existing revolving credit facility. It held cash and equivalents of $8.97 million as of October 2, 2021.
- Price Action: DCO shares are trading lower by 1.62% at $44.33 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
