Arlington Capital Partners, a Washington, DC-based private equity firm, has acquired Portland-based Tex Tech Industries, a leading manufacturer of specialty high performance materials for the aerospace, defence, and select sporting applications. The company has global manufacturing footprint and extensive R and D team to serve its growing customer base.
“Tex Tech’s unique capabilities and approach to the design and manufacture of specialty materials made this an attractive investment for us,” said Peter Manos, a managing partner at Arlington Capital. “CEO Ciaran Lynch and his management team have built an research and development-focused specialty materials company with growth opportunities across many end markets and we are excited to partner with them in the company’s next phase of ownership. Tex Tech represents another investment for Arlington in aerospace and defence specialty manufacturing which aligns with our focused investment approach.”Arlington Capital Partners, a Washington, DC-based private equity firm, has acquired Portland-based Tex Tech Industries, a leading manufacturer of specialty high performance materials for the aerospace, defence, and select sporting applications. The company has global manufacturing footprint and extensive R and D team to serve its growing customer base. #
Ciaran Lynch, CEO of Tex Tech, said “We are excited to partner with Arlington Capital as we start our next chapter. The firm’s buy and build strategy, significant base of capital, as well as network of aerospace and defence relationships will allow us to rapidly increase the company’s scale. We look forward to continuing the strong partnership we have with our customers and serve their complex requirements for high performance textiles by continuing to expand our product offerings.”
Chris Stallmann, a vice president at Arlington Capital, said, “Ciaran and his team have a great reputation in the high performance textiles market and Arlington looks forward to expanding the company through acquisition and continuing to invest in the company’s facilities. Manufacturing over 7,000 products, the company’s strong research and development capabilities as well as global manufacturing footprint allows it to be an end-to-end manufacturing partner for its customers’ most demanding specialty material requirements.”(SV)
Fibre2Fashion News Desk – India
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