Nammo Talley Inc. (Mesa, Ariz.), a division of the Nammo Group, has acquired Composite Solutions LLC (Murray, Utah). The addition expands the technical offerings that Nammo Talley can offer its aerospace and defense customer base and further diversifies the company through addition of Composite Solutions commercial customers.
Composite Solutions' founder and president, Brian Lundy, will remain with the company and report to Nammo Talley's president and CEO, Steven Wegener. A wholly owned subsidiary of Nammo Talley, Composite Solutions will remain in Murray, Utah.
The Nammo Group is an international defense group that specializes in design and production of ammunition, shoulder-fired weapon systems, rocket motors and demilitarization. Terms of the transaction were not disclosed.
Holland Business Services Inc (HBSI) served as the merger and acquisition advisor for the transaction.