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.
Location
United States
Transaction Type
Divestiture

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