Curtiss-Wright Flow Control Acquires Modumend, Inc.
Monday, June 22, 2009
Curtiss-Wright Flow Control Company, the flow control
segment of Curtiss-Wright Corporation, announced today that it has acquired the
assets of Modumend, Inc. for $2 million. Modumend is a market leader in the
repair and refurbishment of obsolete power supplies for both foreign and
domestic clients in the nuclear, fossil and non-power industries. It will be
integrated into Curtiss-Wright Flow Control Company Nuclear Group within the
Scientech business unit.
"The market demand for maintaining older power supplies
is expected to grow as plants age and gain approval for life extensions,” said
David Linton, President, Curtiss-Wright Flow Control Company. “The acquisition
of Modumend strengthens our position as an obsolescence solutions provider and
expands our existing repair/refurbishment services in commercial nuclear and power markets, with
the expectation of additional growth in
the fossil power market as well as other industries.”
Founded in 1977, Modumend repairs and refurbishes power
supplies for both foreign and domestic equipment manufacturers, chemical
plants, power plants/electric utilities, nuclear utilities and refineries. It
focuses on obsolete and out-of-production units, with expertise in linear,
switching, uninterruptible high voltage and integrated circuit power supplies.
Total revenue in 2008 was $1 million. The company is located in Camarillo, CA,
and has five employees.