Esterline Finalizes Acquisition of Weston Aerospace; Expands Esterline's Position in High-End Aerospace Sensors 6/11/2003 By Michelle DeGrand on
BELLEVUE, Wash., June 11, 2003 – Esterline Technologies today announced that it has finalized the acquisition of UK-based Weston Group from The Roxboro Group Plc. The transaction, originally announced May 22, significantly enhances Esterline’s position in high-end aerospace sensors, making it a market leader to the world’s jet engine manufacturers, and boosting its Sensors & Systems segment sales by nearly 50%.
Esterline Announces Pricing of $175 Million Private Placement of Senior Subordinated Notes 6/5/2003 By Michelle DeGrand on
BELLEVUE, Wash., June 5, 2003 – Esterline Technologies (NYSE/ESL www.esterline.com) today announced that it has priced a private placement of $175 million aggregate principal amount of its 7.75% Senior Subordinated Notes due 2013. Esterline will use the net proceeds from this private placement to fund the recently announced acquisition of Weston Aerospace and for general corporate purposes, including the repayment of debt. The private placement is scheduled to close on Wednesday, June 11, 2003 and is subject to various closing conditions, including the consummation of the acquisition of Weston Aerospace.