Tex Tech Industries, Inc. (“Tex Tech” or the “Company”), a portfolio
company of Arlington Capital Partners (“Arlington Capital”),
successfully completed the acquisition of the coating and laminating
operations (“Coating Business”) and U.S. defense-related operations
(“Defense Business”) of Highland Industries, Inc. The acquired
businesses will be renamed Tex Tech Coatings, LLC (“Tex Tech Coatings”)
and will operate as a division of Tex Tech.
Tex Tech Coatings, headquartered in Kernersville, NC, is a leading
supplier of coated and laminated products across a variety of end
markets including aerospace & defense, industrial, and medical.
Acquiring Tex Tech Coatings will enhance Tex Tech’s capability set to
include differentiated formulations and processes to address the most
demanding heat, strength and chemical performance needs of its clients.
Tex Tech Coatings will continue to provide the same superior service
that they have provided for existing customers for over 30 years. Tex
Tech Coatings will be led by the existing management team, including
Scott Burkhart as President of Coatings, Kelly Moore as VP of Finance,
and Justin Barnett as Director of Coatings Sales.
“We are excited to welcome Scott and his team into the Tex Tech family.
Over the past 30 years, Tex Tech has continually innovated and invested
in world-class R&D capabilities to remain on the cutting edge of
industry innovation and technology to best service our customer needs.
The acquisition of Tex Tech Coatings is an extremely exciting
opportunity for the Company and fits squarely into our strategic roadmap
of adding high value-add manufacturing capabilities,” said Ciaran Lynch,
CEO of Tex Tech.
Peter Manos, a Managing Partner at Arlington Capital, said, “We are
extremely excited to begin our partnership with Scott and the entire Tex
Tech Coatings team. Acquiring coating and laminating capabilities has
been Tex Tech’s top priority since Arlington Capital’s initial
investment as it allows the Company to vertically integrate its
manufacturing processes and become an end-to-end materials science
supplier. We plan to continue to augment Tex Tech’s portfolio of
capabilities through both organic investments and strategic
acquisitions.”
Erica Son, a Vice President at Arlington Capital said, “As an industry
leader for decades, Tex Tech Coatings possesses proprietary and
difficult-to-replicate manufacturing processes and entrenched customer
relationships that span over 30 years. Going forward, we are very
excited to enhance these strong customer relationships through the
combination of Tex Tech’s world-class R&D capabilities and Tex Tech
Coatings’ differentiated manufacturing processes and new development
pipeline.”
About Arlington Capital Partners
Arlington Capital Partners is a Washington, D.C.-area private equity
firm that has managed $2.2 billion of committed capital via four
investment funds. Arlington Capital focuses on middle market investment
opportunities in growth industries, including: aerospace/defense,
government services and technology, healthcare, and business services
and software. The firm’s professionals and network have a unique
combination of operating and private equity experience that enable
Arlington Capital to be a value-added investor. Arlington Capital
invests in companies in partnership with high quality management teams
that are motivated to establish and/or advance their companies’ position
as leading competitors in their field. To learn more about Arlington
Capital Partners please visit http://www.arlingtoncap.com.
About Tex Tech
Tex Tech is a leading global designer, engineer, and manufacturer of
high-performance, specialty materials for diverse and niche customer
applications. The Company manufacturers and provides mission critical
materials and products to various OEMs and end users across four primary
end markets including aerospace & defense, personal protection, high
performance and sporting applications. To learn more about Tex Tech
please visit https://textechindustries.com.
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