Arlington Capital Partners has announced the sale of Tex-Tech Industries to Michelin, alongside the establishment of FMI Industries as a new independent company focused on advanced composite materials.

Target Information

FMI Industries, Inc. will be established as an independent entity following its spin-off from Tex-Tech Industries, Inc. (Tex-Tech). Headquartered in Kernersville, North Carolina, Tex-Tech is a leading developer and manufacturer of advanced engineered solutions tailored for aerospace, defense, and specialty industrial sectors. The company specializes in high-performance products designed to endure extreme conditions, emphasizing functionality where failure could result in significant consequences.

The new company, FMI Industries, encompasses two divisions of Tex-Tech: Fiber Materials, Inc., recently acquired from Spirit AeroSystems, and the Engineered Composites division from SGL Carbon. FMI Industries will specialize in reinforced composites, focusing on Carbon/Carbon and Rayon/Carbon composites for high-stakes applications in defense, space, and aerospace markets. Scott Burkhart, former CEO of Tex-Tech, will lead FMI as it embarks on its mission to provide innovative material solutions.

Industry Overview

The aerospace and defense industries in the U.S. represent critical sectors where advanced materials play an essential role in ensuring safety and efficacy. As global demand for aerospace components and defense materials rises, companies in this field are cons