Crawford United Acquires Advanced Industrial Coatings
Crawford United has announced the acquisition 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 there are stringent requirements for fluoropolymers and other high-performance coatings, Advanced Industrial Coatings provides custom solutions, including non-stick, heat-resistant, chemical-resistant and anti-corrosion applications.
“Advanced Industrial Coatings is strategically important to our growing presence in the aerospace and defense markets,” said Brian Powers, CEO of Crawford United. “This acquisition will expand our product offering and diversify our customer base in this growing market segment,” he added.
The acquisition is expected to add approximately $5 million in annual revenue to Crawford United and be immediately accretive to earnings.
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