Tex-Tech Industries completes acquisition of Fiber Materials, Inc. (FMI) from Spirit AeroSystems, Inc.

Tex-Tech Industries, Inc., a leading provider of high temperature and high-performance specialty material and coatings, has successfully completed the previously announced acquisition of Fiber Materials, Inc based in Biddeford, Maine, and Woonsocket, Rhode Island from Spirit AeroSystems, Inc.

FMI is an industry leader in high-temperature materials and reinforced composites, with a focus on Carbon / Carbon and related composites. FMI’s applications include thermal protection systems, re-entry vehicle nose tips, and rocket motor throats and nozzles. FMI’s products are installed on critical defense platforms as well as NASA programs such as Stardust, Mars Curiosity, Orion, and Mars 2020. The company employs approximately 400 people. The existing senior management team of FMI will continue in their existing roles at FMI.

“The acquisition of FMI is highly complementary and strategic for Tex-Tech,” said Scott Burkhart, Tex-Tech Chief Executive Officer. “The addition of FMI adds a unique set of high-performance products to our robust portfolio of thermally protective materials. FMI’s unique capabilities will allow us to better service the rigorous material requirements in the rapidly growing space and defense industry.”

“We are excited to join forces with Tex-Tech,” said Matt Bernier, FMI’s General Manager. “This acquisition highlights the remarkable accomplishments of our team and sets the stage for an even brighter future. Together, with the significant capital and combined heritage of IP rich material science knowhow and manufacturing capabilities, we will leverage our combined strengths to continue delivering innovative solutions and unparalleled value to our customers.”