AGC AeroComposites, which is backed by Acorn Growth Companies, has acquired North Coast Composites Inc and its partner company North Coast Tool and Mold Corp. No financial terms were disclosed. North Coast Composites is a maker of advanced composites for the aerospace sector while North Coast Tool and Mold Corp is a provider of molds and tools for the same industry.
HAYDEN, ID (PRWEB) JULY 12, 2016
AGC AeroComposites, a global composites and metal components and assemblies manufacturer for the aerospace and defense industry, is pleased to announce the acquisition of North Coast Composites, Inc. and North Coast Tool and Mold Corporation.
North Coast Composites manufactures advanced composites for the aerospace industry using state-of-the-art fabrication of Resin Transfer Molded (RTM) and Vacuum-Assisted Resin Transfer Molded (VARTM) components. Its partner company, North Coast Tool and Mold Corp., is a designer and manufacturer of quality molds and tools for the aerospace industry and provides innovative solutions including resin transfer molds, lay-up molds, compression molds and plastic injection molds.
“The North Coast companies are an excellent complement to the AGC AeroComposites’ family as they are industry experts in liquid-molding RTM and VARTM,” said Wayne Exton, CEO of AGC AeroComposites. “They also have deep experience with engine composites, a market segment which we are excited to expand to. We look forward to offering an expanded, more comprehensive set of capabilities and technologies to our customers.”
North Coast Composites and North Coast Tool & Mold Corp. were founded in 1976 and are located in Cleveland, Ohio.
About AGC AeroComposites
AGC AeroComposites supplies the aerospace & defense industry with composite and metallic aerostructures and components. The company’s global footprint is comprised of strategically located sites providing local and immediate support to customers. Integrated solutions range from early stage design, rate production, to full-term sustainment making AGC AeroComposites the industry’s trusted lifecycle partner.
Acorn Growth Companies was founded to provide an alternative to the traditional private equity firm interested solely in opportunistic transactions and exit strategies. From the beginning, the firm has maintained its core focus of achieving superior, long-term returns for its investors by investing exclusively in aerospace and defense companies that strive to keep our nation safe and enable global mobilization. The firm’s operational and collaborative philosophy, founded in a relentless drive to create organic value and meet collective objectives with the companies they work with, has enabled it to become the firm of choice amongst the aerospace and defense industry.