CEO Curtis Reusser of Esterline Technologies Corporation (ESL) says that 20% of the company’s revenue exists in adjacent markets, which include the medical, gaming and nuclear segments.
“There are three or four areas here where we see opportunity for double-digit growth. The interface controls for the medical business is growing at a very nice pace, and that’s a good market for us,” Reusser said.
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Esterline Technologies also manufactures products for the gaming industry, and is seeing success there, particularly in the Asia market. In Europe the company is seeing growth in the nuclear market, Reusser says.
“We do both connectors as well as containment and insulation systems for new builds and upgrades of existing nuclear reactors, specifically in the U.K. and elsewhere in Europe,” Reusser said.
Reusser expects rapid growth within these adjacent markets, and sees the potential of them being a larger part of Esterline’s overall business.
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