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Curtiss-Wright confirms sale of oil and gas businesses

US industrial solutions and defence electronics company Curtiss-Wright Corporation announced it had completed the sale of its downstream oil and gas businesses on 1 June.

The sale, to private investment group Sun Capital Partners, included its DeltaValve, Groquip, and TapcoEnpro International (TEI) businesses.

This divestment sees Curtiss-Wright shedding downstream oil and gas capabilities it has held for over a decade. In January 2015 the company announced that it had sold Cimarron Energy Inc, part of its much more recently acquired upstream equipment business. Cimarron had been bought in 2012 as part of an attempt to take advantage of the booming unconventional oil and gas sector in the USA.

Andrew MacDonald
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