2018cnc6-7

8 www.CNC-West.com CNC WEST June/July 2018 EXEC H TLINE Continued on page 88....... Certified Thermoplastics Acquired for $30.5 Million Certified Thermoplastics in Santa Clarita, CA. was acquired by Ducommun Inc. for $30.5 million. Established in 1978, Certified Thermoplastics specializes in precision extrusions and as- semblies of engineered thermoplastic resins, compounds and alloys for commercial aerospace, defense, medical and industrial applications. Its customers include Boeing Co. and Airbus. Portland Manufacturer ESCO Acquired in $1.3B Deal ESCO Corp., one of Portland’s oldest manu- facturing companies said it will be acquired for $1.285 billion by another maker of mining equipment, Scotland-based The Weir Group PLC. The deal brings together two industry gi- ants in the world of mining and construction tools in a move that ESCO Chairman and CEO Cal Collins said will strengthen the ESCO brand’s global reach. Founded in 1913, ESCO manufactures ground- engaging tools used in mining and construction from its 70 plants and service facilities in 20 countries. It employs close to 365 people in Portland at its headquarters and manufac- turing facilities in Northwest Portland. Of those employees, 90 are in manufacturing and related support positions and 275 work from the corporate office. Once the deal closes — which is scheduled sometime in the third quarter this year — ESCO will continue to maintain its own brand and keep a presence in Portland, two things Col- lins said were important to the company in reaching the deal. Eclipse Automation Announces the Opening of a New Facility in Arizona Eclipse Automation a leading supplier of custom automated manufacturing equipment an- nounced the addition of a new location in the greater Phoenix Area, Arizona U.S.A. to sup- port its rapidly growing international busi- ness and its globally based customers. Eclipse Arizona, located at 2340 W. Broadway Rd, Mesa, AZ represents the company’s third U.S. location, joining Eclipse’s existing facilities in Fremont, CA and Charlotte, NC. The new facility will be hiring over fifty au- tomation engineers and technicians over the next few years. Steve Mai, CEO and president of Eclipse Au- tomation, explains: “Arizona is a strategic location in our growth strategy to further support our customers throughout the southwest market. The state of Arizona has proven to be investing in manufacturing and we feel it is a perfect location for us to continue to meet our goals as a company.” Raytheon in Tucson to Expand Raytheon Missile Systems unveiled the first phase of a multimillion-dollar expansion ef- fort in Tucson in early May. The defense contractor debuted 559,000 square feet of new laboratory, missile testing and office space in early May as part of an on- going $550 million expansion and modernization project in the Old Pueblo that includes add- ing 2,000 jobs, reports the Arizona Republic. Raytheon’s investment will increase capacity and capability of its operations. The reno- vation project is scheduled to be completed by 2020. “Our expansion supports the nation’s mili- tary, the security of America’s allies and the U.S., state and local economies,” said Dr. Taylor W. Lawrence, Raytheon Missile Sys- tems president, in a statement. “This project validates Southern Arizona’s strengths in in- novation, technology and quality of life for our growing workforce, and has been made pos- sible by the strong collaboration and support of government and private sector partners.” Raytheon already employs about 12,000 in Arizona. According to the Republic, the buildings are not complete but will be by the end of the year. Raytheon already has hired most of the employees slated to work there.