M&A
confidence high
sentiment positive
materiality 0.80
Ducommun acquires Magnetic Seal for $69.5M; expands A&D engineered products portfolio
DUCOMMUN INC /DE/
- Purchase price $69.5M, net of cash acquired; funded via cash on hand and $65M revolver draw.
- MagSeal provides proprietary magnetic seals for A&D, used on 50+ aircraft programs including AH-64 Apache, F-15, F-18, C-130, and commercial jets.
- Acquisition closed Dec 16, 2021 via subsidiary Ducommun LaBarge Technologies; MagSeal becomes wholly owned subsidiary.
- Financing drawn from existing revolving credit facility under Amended Credit Agreement (Nov 2018, as amended).