Tex-Tech Industries Acquires Fiber Materials Inc. from Spirit AeroSystems for $165M
January 13, 2025
Spirit AeroSystems has sold its Fiber Materials Inc. (FMI) business to Tex‑Tech Industries, Inc. for $165 million in cash. FMI — a supplier of high‑temperature carbon/carbon and ceramic matrix composites with facilities in Biddeford, Maine and Woonsocket, Rhode Island and roughly 400 employees — supplies materials for defense and NASA programs; Tex‑Tech said the acquisition expands its thermally protective materials capabilities for aerospace, defense and space markets.
- Buyers
- Tex‑Tech Industries, Inc.
- Targets
- Fiber Materials Inc.
- Sellers
- Spirit AeroSystems Holdings, Inc.
- Industry
- Aerospace & Defense
- Location
- United States
- Transaction Type
- Divestiture
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