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Business/Financial

Esterline To Acquire Maker of Specialized Fasteners

DDN

Thursday, November 20th, 2008

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Esterline Corp. [ESL] said this week it has agreed to acquire specialized fastener producer NMC Group for $90 million, in a deal that will extend its product offering to include advanced fastener capabilities used in aerospace and defense. California-based NMC designs and produces specialized plastic and composite-adhesive-bonded fasteners. The company also makes a variety of other aviations products including aerospace clamps, grommets, bushings and wire routing devices. NMC's products are on a number of Boeing [BA] commercial aircraft, including the…

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