Tex-Tech completes $165M buy of Fiber Materials, adds 400 jobs

Tex-Tech completes $165M buy of Fiber Materials, adds 400 jobs

Tex-Tech Industries Inc. said Monday it has completed the $165 million cash purchase of Fiber Materials Inc. from Spirit AeroSystems Inc. that expands its overall company workforce by 400 employees.

Tex-Tech completes acquisition of Fiber Materials

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…

Spirit Announces Sale of Fiber Materials to Tex Tech Industries

Today, Spirit AeroSystems Holdings, Inc. (NYSE: SPR) announced the sale of Fiber Materials Inc  business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex Tech Industries, Inc.  for $165 million in cash. 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 rocke…

Tex-Tech Industries Completes Acquisition Of Fiber Materials, Inc. (FMI) From Spirit Aerosystems, Inc.

KERNERSVILLE, NC  — January 13, 2025 — Tex-Tech Industries, Inc., a provider of high temperature and high-performance specialty material 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, Inc. FMI is a supplier of high-temperature materials and reinforced composites, with a focus on Carbon / Carbon and relat…