CRAWFORD UNITED ACQUIRES ADVANCED INDUSTRIAL COATINGS
Crawford United (OTC: CRAWA) has announced the acquisition of Advanced Industrial Coatings, based in Stockton, California, effective August 30, 2024. This strategic move aims to strengthen Crawford's position in the aerospace and defense market. Advanced Industrial Coatings specializes in high-performance coatings for various industrial sectors, including aerospace, semiconductor, medical, and energy.
The acquisition is expected to contribute approximately $5 million in annualized revenue to Crawford United and have an immediate positive impact on earnings. CEO Brian Powers emphasized that this purchase will expand their offerings and diversify their customer base in the growing aerospace and defense market segment.
Crawford United (OTC: CRAWA) ha annunciato l'acquisizione di Advanced Industrial Coatings, con sede a Stockton, California, a partire dal 30 agosto 2024. Questa mossa strategica mira a rafforzare la posizione di Crawford nel mercato aerospaziale e della difesa. Advanced Industrial Coatings è specializzata in rivestimenti ad alte prestazioni per vari settori industriali, tra cui aerospaziale, semiconduttori, medicinale ed energia.
Si prevede che l'acquisizione contribuisca con circa 5 milioni di dollari di ricavi annui a Crawford United e abbia un immediato impatto positivo sugli utili. Il CEO Brian Powers ha sottolineato che questo acquisto amplierà le loro offerte e diversificherà la loro base di clienti nel segmento in crescita del mercato aerospaziale e della difesa.
Crawford United (OTC: CRAWA) ha anunciado la adquisición de Advanced Industrial Coatings, con sede en Stockton, California, a partir del 30 de agosto de 2024. Este movimiento estratégico tiene como objetivo fortalecer la posición de Crawford en el mercado aeroespacial y de defensa. Advanced Industrial Coatings se especializa en recubrimientos de alto rendimiento para varios sectores industriales, incluidos aeroespacial, semiconductores, médico y energía.
Se espera que la adquisición contribuya con aproximadamente 5 millones de dólares en ingresos anuales a Crawford United y tenga un impacto positivo inmediato en las ganancias. El CEO Brian Powers enfatizó que esta compra ampliará sus ofertas y diversificará su base de clientes en el segmento de mercado de aeroespacial y defensa en crecimiento.
Crawford United (OTC: CRAWA)는 2024년 8월 30일부터 캘리포니아 스톡턴에 본사를 둔 Advanced Industrial Coatings를 인수한다고 발표했습니다. 이 전략적 결정은 Crawford의 항공우주 및 방위 시장에서의 입지를 강화하는 것을 목표로 하고 있습니다. Advanced Industrial Coatings는 항공우주, 반도체, 의료 및 에너지를 포함한 다양한 산업 분야를 위한 고성능 코팅을 전문으로 합니다.
이 인수는 Crawford United에 연간 약 500만 달러의 수익을 기여할 것으로 예상되며, 수익에 즉각적인 긍정적 영향을 미칠 것입니다. CEO 브라이언 파워스는 이번 구매가 그들의 제품을 확장하고 성장하는 항공우주 및 방위 시장 부문에서 고객 기반을 다양화할 것이라고 강조했습니다.
Crawford United (OTC: CRAWA) a annoncé l'acquisition d'Advanced Industrial Coatings, basé à Stockton, Californie, à compter du 30 août 2024. Ce mouvement stratégique vise à renforcer la position de Crawford sur le marché aérospatial et de la défense. Advanced Industrial Coatings se spécialise dans les revêtements haute performance pour divers secteurs industriels, y compris l'aérospatial, les semi-conducteurs, le médical et l'énergie.
L'acquisition devrait contribuer à environ 5 millions de dollars de revenus annuels pour Crawford United et avoir un impact immédiat et positif sur les bénéfices. Le PDG Brian Powers a souligné que cet achat va élargir leur offre et diversifier leur base de clients dans le segment croissant du marché aérospatial et de la défense.
Crawford United (OTC: CRAWA) hat die Übernahme von Advanced Industrial Coatings mit Sitz in Stockton, Kalifornien, zum 30. August 2024 angekündigt. Diese strategische Maßnahme zielt darauf ab, Crawford's Position im Luft- und Raumfahrt- sowie Verteidigungsmarkt zu stärken. Advanced Industrial Coatings ist auf Hochleistungsbeschichtungen für verschiedene Industriezweige spezialisiert, einschließlich Luft- und Raumfahrt, Halbleiter, Medizin und Energie.
Es wird erwartet, dass die Übernahme Crawford United jährlich etwa 5 Millionen Dollar an Umsätzen bringen wird und sich sofort positiv auf den Gewinn auswirken wird. CEO Brian Powers betonte, dass dieser Kauf ihre Angebote erweitern und ihre Kundenbasis im wachsenden Luft- und Raumfahrt- sowie Verteidigungsmarkt diversifizieren wird.
- Acquisition expected to add $5 million in annualized revenue
- Immediate positive impact on earnings anticipated
- Expansion into growing aerospace and defense market
- Diversification of customer base
- Addition of high-performance coating solutions to product portfolio
- None.
Brian E. Powers, President and Chief Executive Officer
CRAWFORD UNITED CORPORATION
10514 Dupont Avenue
Cleveland, Ohio 44108
216-243-2449
CLEVELAND, OHIO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA) today announced the purchase 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 demanding requirements for fluoropolymers and other high-performance coatings are required, Advanced Industrial Coatings offers custom solutions including non-stick, heat resistance, chemical resistance, and anti-corrosion applications.
“Advanced Industrial Coatings is strategically important to our growing presence in the aerospace and defense market,” said Brian Powers, CEO of Crawford United. “The acquisition will expand our offerings and diversify our customer base in this growing market segment,” he added.
The acquisition is expected to add approximately
About Crawford United Corporation. Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets, including healthcare, education, aerospace, defense, and transportation. The company currently operates two business segments. The Commercial Air Handling Equipment segment is a leader in designing, manufacturing, and installing highly customized, large-scale commercial, institutional, and industrial air handling solutions, primarily for hospitals and universities. The Industrial & Transportation Products segment provides highly complex precision components to customers in the aerospace and defense industries, as well as a full line of branded metal, silicone, plastic, rubber, hydraulic, marine and fuel hose products. For more information, go to www.crawfordunited.com.
Information about Forward Looking Statements. This press release contains forward-looking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements made regarding the company’s future results. Generally, these statements can be identified by the use of words such as “guidance,” “outlook,” “believes,” “estimates,” “anticipates,” “expects,” “forecasts,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements, or other statements made by the Company, are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors (including, but not limited to, those specified below) which are difficult to predict and, in many instances, are beyond the control of the Company. As a result, actual results of the Company could differ materially from those expressed in or implied by any such forward-looking statements. These uncertainties and factors include (a) shortages in supply or increased costs of necessary products, components or raw materials from the Company’s suppliers; (b) availability shortages or increased costs of freight and labor for the Company and/or its suppliers; (c) actions that governments, businesses and individuals take in response to public health crises, such as the COVID-19 pandemic, including mandatory business closures and restrictions on onsite commercial interactions; (d) conditions in the global and regional economies and economic activity, including slow economic growth or recession, inflation, currency and credit market volatility, reduced capital expenditures and changes in government trade, fiscal, tax and monetary policies; (e) adverse effects from evolving geopolitical conditions, such as the military conflict in Ukraine and Israel; (f) the Company's ability to effectively integrate acquisitions, and manage the larger operations of the combined businesses, (g) the Company's dependence upon a limited number of customers and the aerospace industry, (h) the highly competitive industries in which the Company operates, which includes several competitors with greater financial resources and larger sales organizations, (i) the Company's ability to capitalize on market opportunities in certain sectors, (j) the Company's ability to obtain cost effective financing and (k) the Company's ability to satisfy obligations under its financing arrangements, as well as the risks described from time to time in the Company’s reports as filed with the Securities and Exchange Commission. Further information on potential factors that could affect the financial results of the Company and its forward-looking statements is included in its most recent Form 10-K and subsequent filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement, except as may be required by law. These forward-looking statements speak only as of the date of this release. All forward-looking statements are qualified in their entirety by this cautionary statement.
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