Boeing Effect: Spirit AeroSystems sells Fiber Materials Inc. as part of its restructuring
Tex-Tech Industries has acquired Fiber Materials, Inc. (FMI) from Spirit AeroSystems, aiming to strengthen its capabilities in the defense and space sectors. The acquisition highlights Tex-Tech’s interest in high-performance materials for critical applications, although many details, including financial terms, remain undisclosed
Tex-Tech Industries, a provider of high-temperature and high-performance materials, has completed the acquisition of Fiber Materials, Inc. (FMI) from Spirit AeroSystems, Inc. The transaction aims to strengthen Tex-Tech’s capabilities in the defense and space sectors, although the financial details of the deal were not disclosed.
FMI specializes in high-temperature materials and carbon composites, with products used in critical applications such as thermal protection systems, reentry vehicle components, and rocket engine nozzles. The company has been involved in major NASA programs, including Stardust, Mars Curiosity, Orion, and Mars 2020. FMI employs approximately 400 people, with its management team set to remain in their current roles after the acquisition.
Scott Burkhart, CEO of Tex-Tech, emphasized the strategic alignment of FMI’s capabilities with Tex-Tech’s goals. “The addition of FMI brings a unique set of high-performance products to our robust portfolio of thermal protection materials. FMI’s unique capabilities will enable us to better meet the rigorous material requirements in the rapidly growing space and defense industries,” he stated.
FMI General Manager Matt Bernier added, “This acquisition underscores the remarkable achievements of our team and marks the beginning of an even more promising future. Together, with combined capital and expertise in material science and manufacturing, we will leverage our strengths to continue delivering innovative solutions and unmatched value to our customers.”
While the acquisition appears to be a strategic move, potentially influenced by Boeing’s recent repurchase of its fuselage division, several questions remain unanswered. The financial scale of Tex-Tech’s investment remains unclear, as do the details of how FMI’s operations will integrate with Tex-Tech’s. It is also uncertain whether FMI will continue to operate independently or as part of a consolidated division.
Additionally, no details were provided regarding short-term changes, such as production expansions, workforce adjustments, or entry into new markets. Both companies emphasize the potential to deliver innovative solutions, but specific examples of how these will benefit current or future customers have yet to be shared.
This acquisition reflects the growing interest in advanced materials in the defense and space exploration industries, where carbon composites play a critical role. The move positions Tex-Tech to capture a larger share of these markets amid rising global demand.
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