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Benzinga
Benzinga
Business
Akanksha Bakshi

Ducommun Acquires Magnetic Seal For Undisclosed Sum

  • Ducommun Inc (NYSE:DCO) has completed the acquisition of Rhode Island-based Magnetic Seal Corporation (MagSeal). Deal terms were not disclosed.
  • MagSeal is a provider of high-impact, military-proven magnetic seals for critical systems in aerospace and defense applications.
  • MagSeal supplies sealing solutions to the U.S. military and is entrenched in more than 50 commercial and military aircraft programs.
  • Ducommun financed the transaction via cash on hand and a portion of its existing revolving credit facility. It held cash and equivalents of $8.97 million as of October 2, 2021.
  • Price Action: DCO shares are trading lower by 1.62% at $44.33 on the last check Thursday.
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