Curtiss-Wright Acquires Nu-Torque
Curtiss-Wright Corporation (NYSE:CW) has acquired substantially all of the assets of Nu-Torque, a designer and manufacturer of electric and hydraulic valve actuation and control devices primarily for U.S. Navy ships. The business will become part of Curtiss-Wright's Flow Control segment.
Curtiss-Wright Chairman and CEO Martin R. Benante said, "Nu-Torque also provides the opportunity to expand our presence in the U.S. Navy market, strengthens our system integration capability and enhances the expansion into international niche markets."
Nu-Torque was founded in 1980 and acquired in 2002 by Tyco Flow Control, a unit of Tyco International Ltd. With annual sales of approximately $8m, typical applications for the Nu-Torque products are for valve automation of shipboard fluid systems, such as fire main, ballast and various safety systems on numerous categories of Navy combatant ships. Nu-Torque is located in Redmond, WA and has 37 employees.
