Crawford United acquires Advanced Industrial Coatings, terms not disclosed

Crawford United Corporation announced the purchase of Advanced Industrial Coatings of Stockton, California, effective August 30, 2024. Advanced Industrial Coatings provides solutions for the aerospace, semiconductor, medical, energy and other industrial sectors. Where demanding requirements for fluoropolymers and other high-performance coatings are required, Advanced Industrial Coatings offers custom solutions including non-stick, heat resistance, chemical resistance, and anti-corrosion applications. The acquisition is expected to add approximately $5 million in annualized revenue to Crawford United and be immediately accretive to earnings.