Esterline To Buy Nylon Molding Corp.

Jason Sandefur

Aerospace component maker Esterline Corp. announced plans to buy NMC Group (Nylon Molding Corp.) for $90 million in cash. The deal is expected to close within 45 days.

NMC designs and manufactures specialized fasteners for the aerospace and defense industry. NMC will continue to run as a stand-alone operation reporting to Esterline Engineered Materials in Brea, CA.

“Nylon Molding fits perfectly within our Advanced Materials segment, extending our product offering to include specialized plastic and composite-adhesive-bonded fasteners,” said Esterline CEO Robert Cremin.

First incorporated in 1946, NMC employs 100 people at its 50,200 sq ft facility in Pomona, CA. The company is led by CEO Douglas Stephen and president Robert Stephen. Web: nmcgroup.com �2008 FastenerNews.com