Eastern Company acquires Sungear and Crown Precision for $7.85M, establishing fourth platform

EASTERN CO

Acquired all equity of Sungear and Crown Precision for $7.85M on a cash-free, debt-free basis.
Combined trailing-12-month revenue through April 1, 2026 was approximately $22.8M.
Transaction funded under Eastern's existing revolving credit facility with Citizens Bank.
Acquired businesses will continue with existing management under Eastern's decentralized model.
New aerospace/defense platform complements existing Eberhard, Velvac, and Big 3 Precision units.

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