Tex Tech Industries Acquires Chapman Innovations
Tex Tech Industries — a Portland, Maine-based developer and manufacturer of engineered, high-performance fabrics including Core Matrix Technology™, a patented protective material — has acquired Chapman Innovations — a Salt Lake City-based developer and manufacturer of CarbonX® thermal fabric solutions.
Tex Tech Industries supplies its fabrics to the aerospace, defense, law enforcement, industrial and sporting goods industries. The company reports that it manufacturers fire-retardant and thermal acoustic insulation for all major commercial aerospace platforms; and that it is the largest producer globally of tennis felt.
CarbonX non-flammable fabrics and apparel comprise a patented blend of high-performance fibers and are used in protective industrial safety, construction, welding, molten metal, utilities, pulp and paper, oil and gas, firefighting, motorsports and tactical/police applications.
“The CarbonX product line will significantly strengthen our position in several key markets,” said Ciaran Lynch, CEO, Tex Tech Industries. “We are impressed with its superior performance compared to competing flame-resistant products and with the company’s strong relationships with its end-users.”
“Chapman Innovations looks forward to being a part of the Tex Tech family of companies,” said Tyler Thatcher, CEO, Chapman Innovations. “Tex Tech’s global distribution platform and in-house development capabilities will enable us to bring new products to the market more quickly.”
April 22, 2014