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Esterline Completes Sale of Kirkhill Elastomer Business
March 19, 2018 | Esterline CorporationEstimated reading time: Less than a minute
Esterline Corporation today announced that it has completed the sale of its Kirkhill engineered elastomer business based in Brea, California, to TransDigm Group Incorporated for a total purchase price of $50 million, subject to normal and customary adjustments. The Kirkhill business produces specialty seals and other rubber components primarily for aerospace and defense markets.
About Esterline
Esterline Corporation is a leading worldwide supplier to the aerospace and defense industry specializing in three core business segments: Advanced Materials; Avionics & Controls; and Sensors & Systems. With annual sales of approximately $2 billion, Esterline employs roughly 13,000 people worldwide and is headquartered in Bellevue, Wash.
Operations within the Advanced Materials segment focus on technologies including high-temperature-resistant materials and components used for a wide range of military and commercial aerospace purposes, and combustible ordnance and electronic warfare countermeasure products.
Operations within the Avionics & Controls segment focus on technology interface systems for commercial and military aircraft and similar devices for land- and sea-based military vehicles, integrated cockpit systems, display technologies for avionics, training and simulation markets, secure communications systems, specialized medical equipment, and other high-end industrial applications.
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