Esterline completes divestiture of Pacific Aerospace & Electronics

Esterline Corporation, a leading specialty manufacturer serving global aerospace and defense markets, has completed the sale of its Pacific Aerospace & Electronics (PA&E) subsidiary, based in Wenatchee, Wash., to an affiliate of ShoreView Industries, a Minneapolis-based private equity firm. PA&E produces electronics packaging and connector products as well as machining and sealing processes to protect equipment in the defense, medical, oil & gas and other industrial markets. Esterline announced in September 2014 that it would look to sell certain subsidiaries that were no longer core to the company’s strategic direction. The operations identified at that time, including PA&E, were placed into discontinued operations until the point of sale.