Quad-C has closed its acquisition of Textum Weaving, a producer of advanced and high-performance textiles.
Textum products include fabrics, solid blocks and near net shape preforms, made using specialty yarns including carbon, ceramics, refractory metal (resistant to heat and wear), and aramids (high strength synthetic fibers including DuPont’s “Kevlar”).
Textum’s capabilities include uni-directional fabrics, two-dimensional fabrics, three-dimensional weaving, knitting and spiral fabric formation in a range of widths and constructions. The company is headquartered in Belmont, North Carolina.
The company’s products are used in thermal protection systems, antenna windows, nose tips, rocket nozzles and reentry systems in the aerospace and defense, industrial, energy and infrastructure industries.
Family-owned Textum was founded in 1996 and is led by CEO Aaron Feinberg who will continue in his current position and will own a significant stake in the business in partnership with Quad-C.
“We are excited to partner with Quad-C to accelerate our growth at Textum,” said Mr. Feinberg. “We were looking for a partner with a track record of working with owner/operators to invest in growth and build businesses for the future. We intend to continue to expand our technical and production capabilities at Textum, both organically and through strategic acquisitions, and we believe that this partnership with Quad-C will provide us with experience and resources to enhance our capabilities for the benefit of our customers.”
Quad-C invests from $35 million to $125 million of equity in companies with enterprise values of $75 million to $400 million. Sectors of interest include business services, consumer, general industrial, healthcare, specialty distribution and transportation and logistics.
“Quad-C is very excited to partner with Aaron and his excellent team,” said tom hickey, a partner at Quad-C. “Textum is a great fit for Quad-C, as we are very focused on the industrial technology and specialty materials sectors and we have a long history of successfully partnering with owners of family businesses. Aaron and his team have built a terrific business that represents an ideal platform in the technical weaving and specialty composites space.”
Quad-C was founded in 1989 and is headquartered in Charlottesville, Virginia.
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Source: https://peprofessional.com/2020/03/quad-c-buys-specialty-weaver/
