Tex Tech Industries, an Arlington Capital Partners portfolio company, announces the acquisition of SGL Carbon's business activities at the Gardena, California site

Arlington Capital Partners (“Arlington”) today announced that its portfolio company, Tex Tech Industries (“Tex Tech” or the “Company”), a global supplier of materials science-based solutions for demanding end use markets including aerospace, defense, medical, and industrial, has completed a transaction with SGL Carbon (“SGL”) to acquire the operating assets of its Gardena, California site, including certain assets of SGL Composites Inc. (formerly named HITCO Carbon Composites) (“Gardena”).

Gardena is a developer and manufacturer of complex, industry leading high-temperature composite materials and components with high carbon and silica purities. Gardena's key product offerings, which include Rayon Carbon, Refrasil®, and Carbon / Carbon based products, are used in a variety of aerospace, defense, industrial, and automotive applications.

Peter Manos, a Managing Partner at Arlington, shared “We are excited to begin our partnership with the Gardena management team and welcome them to the Tex Tech platform. Gardena is the market leader in high-temperature materials and is a highly strategic addition to Tex Tech. The acquisition expands Tex Tech's product offerings into the fastest growing programs in space, defense and commercial aerospace.”

“We look forward to partnering with the team at Gardena and utilising Tex Tech's existing R&D and material science expertise to support our collective customers with new, innovative technologies,” said Scott Burkhart, CEO of Tex Tech Industries.

Gordon Auduong, a Principal at Arlington, said “We have been impressed by Gardena's long-standing relationships with highly-demanding customers and unique manufacturing capabilities, and we are eager to utilise the capabilities of the combined company to provide further value to our customers.”