Coronado Capital Acquires 2 Firms
The Coronado Capital Corp. holding company said Tuesday it has acquired Alimet Inc. and Pacific Missile Systems Corp. in a stock swap valued at $2 million.
Michael Taylor, president and chief executive officer of Coronado, said all of the companies will be based at its Placentia headquarters.
Alimet produces aluminum-based alloys mainly for the sports and recreation and automotive industries. Pacific Missile Systems specializes in designing and fabricating metal products for the aircraft and aerospace markets. Combined, Alimet and Pacific have 17 employees, Taylor said.