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SKAPS Industries Acquires Matrix Composites to Expand Capabilities
Thursday 17 May 2018

17 May 2018 - Georgia, US-based drainage products manufacturer SKAPS Industries has completed an agreement to acquire Kentucky, US-based fiberglass manufacturer Matrix Composites, Inc., the company said.
Terms of the transaction were not disclosed.
The acquisition includes all Matrix Composites technologies, operations and assets in their entirety.
The acquisition of Matrix provides SKAPS Fiberglass Division a global position and platform to expand in North and South America. SKAPS will focus on customer service performance, technical textile expertise, improved quality and certifications to bring in-line to customers' expectations.
The acquisition is SKAPS Industries first in North America.
SKAPS is a leader in the fabrication of geosynthetic and nonwoven drainage products for environmental and civil use in the US and abroad. Producing in three countries (USA, India and Brazil) with seven factories it holds a strong presence in over 60 countries.
Matrix Composites, Inc. was started to produce woven fiberglass fabrics. The company now also produces woven and non-woven fabrics in two different states.
Date Published: 17/05/2018
Target: Matrix Composites
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Status: Closed
Buyer: SKAPS,  Industries
Terms of the deal were not disclosed