Private equity firm Stonewood Capital Management (Pittsburgh) announced that two of its global composites portfolio companies, Huntingdon Fiberglass Products in Huntingdon, Penn. and Superior Composites Co. (Vanceburg, Ky.) will consolidate and operate as one company called Superior Huntingdon Composites. The company will provide the global composites market with glass-reinforced continuous filament mat and veil material solutions.
Jason Takac will serve as president of the consolidated businesses and Kyle Frank will serve as chief operating officer. Takac was previously COO of Superior Composites while Frank has served as vice president of operations at Huntingdon Fiberglass.
“This consolidation represents the next step on our path to providing the global composites market with best of breed materials and services,” says Takac. “We recently completed a multi-million-dollar expansion in Vanceburg and we will continue to leverage our organizational resources in order to innovate on behalf of our customers worldwide.”
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Part of the development strategy will focus on two new sectors for the company: aerospace and automotive.