SGL Carbon Gardena site purchased by Tex Tech Industries
Transaction of SGL Carbon’s U.S. business activities includes certain assets of SGL Composites Inc., as well as plants, machinery and customer contracts.
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Arlington Capital Partners’ (Washington, D.C., U.S.) portfolio company, Tex Tech Industries (Kernersville, N.C., U.S.), a global supplier of materials science-based solutions for demanding end-use markets including aerospace, defense, medical and industrial, has completed a transaction with SGL Carbon (Wiesbaden, Germany) to acquire the operating assets of its Gardena, California site, including certain assets of SGL Composites Inc. (formerly named HITCO Carbon Composites).
Gardena is a developer and manufacturer of complex, high-temperature composite materials and components with high carbon and silica purities. Gardena’s key product offerings, which include rayon carbon, Refrasil and carbon/carbon-based products, are used in a variety of aerospace, defense, industrial and automotive applications.
According to SGL Carbon, the acquisition, which was effective Feb. 16, 2023, “includes all plant and machinery as well as customer contracts served from the Gardena site that will be fulfilled by the buyer in the future.” The combined capabilities of both companies will provide further value to customers.
“We are excited to begin our partnership with the Gardena management team and welcome them to the Tex Tech platform,” Peter Manos, a managing partner at Arlington, notes. “Gardena is the market leader in high-temperature materials and is a highly strategic addition to Tex Tech. The acquisition expands Tex Tech’s product offerings into the fastest growing programs in space, defense and commercial aerospace.”
