Ducommun Sells Pittsburgh Operation


Reading time ( words)

Ducommun Incorporated today announced the sale of its Pittsburgh, PA business unit to a private investment group for $38.5 million in cash, subject to customary post-closing adjustments. The Pittsburgh business, acquired in 2011 as part of the company’s purchase of LaBarge, Inc., supplies printed circuit cards and related assemblies to industrial and energy markets. The business had sales in 2015 of approximately $42 million.

“The sale of our Pittsburgh operation is a result of our on-going strategic portfolio review. Exiting this non-core business strengthens Ducommun and focuses our organization on being a leading provider of unique, value-added solutions and technologies to the aerospace, defense and related markets,” said Anthony J. Reardon, chairman and chief executive officer. “While the Pittsburgh business is a well-run operation, by monetizing this asset we can reduce debt and redeploy capital towards more strategic applications, providing further value to our shareholders.”

About Ducommun Incorporated

Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace, defense, and other industries through a wide spectrum of electronic and structural applications. The company is an established supplier of critical components and assemblies for commercial aircraft and military and space vehicles as well as for the energy market, medical field, and industrial automation. It operates through two primary business units – Ducommun AeroStructures (DAS) and Ducommun LaBarge Technologies (DLT).

Share

Print


Suggested Items

PCB Repair: Thoughtful Best Practices

12/31/2019 | Barry Matties, I-Connect007
Barry Matties recently spoke with Curtis Smith of Huntron about the critical factors that somebody needs to understand about the plant maintenance regarding the PCB repair process. The PCB repair process is not just a matter of just getting the equipment anymore but finding the right people with a troubleshooting mindset that can do it. A failed PCB can bring down an entire manufacturing line, and companies need to be able to repair the board and keep their manufacturing going.

Nolan’s Notes: A Tour of the Industry

12/18/2019 | Nolan Johnson, I-Connect007
As far back as the 1600s, and lasting through the mid-1800s, young, imperial English aristocrats would leave the island to travel “the world;” however, this often simply meant visiting continental Europe on an out-and-back trip, resembling a golf outing, before returning home to settle down to the business of running their family estate and/or the country. This practice was commonly called “the Grand Tour.”

Meet Alfred Macha, SMT007 Columnist

11/06/2019 | I-Connect007 Editorial Team
Meet Alfred Macha, one of our SMT007 columnists! Macha’s columns concentrate on process validation, supply chain management, quality management systems, government contracts, FDA regulations, process controls, and more. Alfred Macha brings 20 years of senior leadership roles in quality and operations management working for Sanmina, DDi (now TTM Technologies), Anaren (now TTM Technologies), and HEI Microelectronics.



Copyright © 2020 I-Connect007. All rights reserved.