Edgewater Capital Partners acquires Fiber Materials Inc.

Edgewater Capital Partners (Independence, Ohio) has completed the acquisition of Fiber Materials Inc. (FMI, Biddeford, Maine) from GrafTech International Holdings, Ltd. a portfolio company of Brookfield Asset Management (Toronto, Canada). Financial terms were not disclosed.

FMI is a designer and manufacturer of advanced composite materials compromised of polymer matrix composites, carbon composites and ceramic matrix composites. Founded in 1969, FMI’s products are utilized as mission-critical components primarily for aerospace, defense and industrial applications that require thermal stability in extreme environments, dimensional strength, and light weight.

“FMI has developed an impeccable reputation with its industry-leading customer base for providing the highest quality and performing materials. FMI’s products meet the requirements of extreme environments such as withstanding over 3,000 degrees and directional stresses where most composite or ceramic materials fail,” says Pete Ostergard, principal of Edgewater and member of the board of directors at FMI. “As one of very few U.S.-based 3D carbon composite manufacturers, we believe FMI is ideally positioned to seize on the accelerating growth in the number of applications requiring these unique capabilities. We are excited to work closely with the talented team at FMI to support the company in achieving its next stage of success as a member of the Edgewater family."