Ducommun Incorporated (NYSE: DCO) has sold its Pittsburgh, PA. business unit to a private investment group for USD38.5 million in cash, subject to customary post-closing adjustments, the company said.
The Pittsburgh business, acquired in 2011 as part of the company´s purchase of LaBarge, Inc., supplies printed circuit cards and related assemblies to industrial and energy markets. The business had sales in 2015 of approximately USD42 million.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace, defense, and other industries through a wide spectrum of electronic and structural applications. The company is an established supplier of critical components and assemblies for commercial aircraft and military and space vehicles as well as for the energy market, medical field, and industrial automation. It operates through two primary business units — Ducommun AeroStructures (DAS) and Ducommun LaBarge Technologies (DLT).