Portland, Maine-based Tex Tech Industries — a producer of specialty, high-performance materials for aerospace, defense, industrial and sporting applications — recently was acquired by the private equity company Washington-based Arlington Capital Partners.
“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 R&D-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 defense specialty manufacturing which aligns with our focused investment approach.”
“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,” said Ciaran Lynch, CEO, Tex Tech.
September/October 2017
