Esterline Acquires Joslyn Sunbank

(RTTNews) - Esterline Corp. (ESL), a specialty manufacturer serving global aerospace and defense markets, Friday acquired Joslyn Sunbank Company LLC for about $45 million, plus up to $5 million in earn-out consideration.

Sunbank, a unit of Meggitt PLC, is a Southern California-based supplier of connector accessories, backshells, and conduit systems for aerospace and industrial markets. The company employs about 500 people between its facilities in California and Mexico.

Esterline CEO Curtis Reusser said, "Sunbank products provide a natural extension to Esterline's Souriau connectors, creating an expanded, integrated product line.