Graftech International Ltd have announced that it has completed the acquisition of the business and assets of Fiber Materials Inc for a cash purchase of $14 million.
Fiber materials inc was a privately held company that manufactured highly engineered advanced carbon composite materials,
Craig Shular, Chairman and Chief Executive Officer of GrafTech International, commented,
We are pleased to announce the acquisition of FMI and to welcome such an excellent team to the GrafTech family. FMI adds significant technology in advanced carbon composites to our product portfolio and will aid in propelling continued growth in our Engineered Solutions segment.
Located in Biddeford, Maine, services the aerospace and defense industries and high temperature insulation for use in industrial applications.