The Eastern Company Acquires Sungear and Crown Precision

Acquires Sungear and Crown Precision for $7.85 million, establishing a fourth operating platform at Eastern focused on precision manufacturing for the aerospace and defense industries Transaction fully funded under Eastern's existing revolving credit facility with substantial remaining liquidity for further platform development SHELTON, CT / ACCESS Newswire / June 2, 2026 / The Eastern Company ("Eastern" or the "Company") (NASDAQ:EML), a manufacturer of engineered products and solutions serving commercial transportation, logistics, and other industrial markets, today announced the acquisition of Sungear, LLC ("Sungear") and Crown Precision ("Crown"), two California-based precision manufacturers of high tolerance components serving aerospace, defense and adjacent end markets. The transaction establishes a fourth operating platform for Eastern, complementing its existing portfolio of Eberhard Manufacturing, Velvac, and Big 3 Precision.