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Biddeford-based Fiber Materials, Inc. to be sold

Summary by Portland Press Herald
The Biddeford-based company Fiber Materials, Inc. (FMI) could be sold for $165 million to Tex-Tech Industries. The company, owned by Spirit AeroSystems Holdings, currently employs 400 people and manufactures heat-resistant aerospace components. “FMI’s products are installed on critical defense platforms as well as NASA programs such as Stardust, Mars Curiosity, Orion, and Mars 2020,” according […]
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