Valence Surface Technologies acquires H&W Global Industries

Valence Surface Technologies LLC is pleased to announce the acquisition of H&W Global Industries, Inc., a leading provider of surface treatment for highly engineered products in the aerospace and defense market in the Northeast region of North America. H&W, located in Blairsville, PA, provides surface treatment to many leading U.S. defense platforms and maintains key approvals with strategic A&D primes such as Northrop Grumman.

Founded in 2002 by husband and wife, Jean-Pierre Habets and Sandra Habets, H&W provides a wide variety of metal finishing services, including anodizing, electroplating, and industrial painting, specialising in BR-127 bond primer for leading defense applications. H&W operates out of an approximately 50,000 square foot manufacturing facility, which the Company has continually invested in through expansion and new equipment to maintain state-of-the-art metal finishing technologies.

With the acquisition of H&W, Valence continues to execute on its customer-focused strategy to improve the aerospace and defense supply chain by creating an integrated platform that offers full-service product finishing solutions with industry-leading quality and lead times. Chris Celtruda, CEO of Valence, said "We are extremely excited to add H&W to the Valence platform. H&W's experience servicing top-tier customers in the aerospace and defense community will help enhance the Valence offering across our customer base, particularly in the Northeast where we have a complementary location in Springfield, MA."

Tudor Lupea, Vice President of Corporate Development, added, "H&W is strategically located in the greater Pittsburgh metro area and represents a key part of our strategy to deepen our footprint in the Northeast while growing the portion of our business servicing enduring defense platforms."

As part of the transaction, H&W's existing management team and workforce will remain with the organisation. Jean-Pierre and Sandra will remain in their current roles and will help integrate the business into the Valence platform. Jean-Pierre said, "Sandi and I look forward to the continued growth at H&W. The opportunities available to our H&W family are of the utmost importance, which was a key consideration in the transaction. H&W's future success through this merger and partnership with Valence will give us great joy."

Valence is majority-owned by ATL Partners ("ATL") and British Columbia Investment Management Corporation ("BCI") who invested in Valence in June 2019 to accelerate Valence's strategic initiatives and support its continued growth. H&W represents the ninth add-on acquisition for Valence since inception, and the company will continue to pursue attractive M&A opportunities in both North America and Europe.