Tex-Tech Industries, Inc. (Tex-Tech), a provider of high-temperature and high-performance specialty materials and coatings, has successfully completed the previously announced acquisition of Fiber Materials, Inc. (FMI), based in Biddeford, Maine and Woonsocket, Rhode Island, from Spirit AeroSystems.
FMI is a prominent player in the field of high-temperature materials and reinforced composites, specialising in carbon/carbon and related composites. Its products are used in critical applications, including thermal protection systems, re-entry vehicle nose tips, rocket motor throats, and nozzles. FMI’s materials are installed on key defence platforms as well as NASA programmes such as Stardust, Mars Curiosity, Orion and Mars 2020. The company employs around 400 people, with the existing senior management team remaining in place at FMI.
“The acquisition of FMI is highly complementary and strategic for Tex-Tech,” said Scott Burkhart, Tex-Tech’s Chief Executive Officer. “The addition of FMI enriches our portfolio of thermally protective materials with a unique set of high-performance products. FMI’s capabilities will allow us to better meet the demanding material requirements of the rapidly expanding space and defence industries.”
“We are excited to join forces with Tex-Tech,” said Matt Bernier, FMI’s General Manager. “This acquisition is a testament to the remarkable achievements of our team and sets the stage for an even brighter future. With the combined capital, expertise in material science, and manufacturing capabilities, we will leverage our strengths to continue delivering innovative solutions and exceptional value to our customers.”
