Novaria Group Announces Agreement to Acquire FMi Chemical, Inc.
Summary
FORT WORTH, Texas--(BUSINESS WIRE)--Novaria Group, a leading manufacturer of specialty hardware for the aerospace and defense industries, announced today it has signed a definitive agreement to acquire FMi Chemical, Inc. FMi Chemical is a leading supplier of nonmetallic aerospace sealants, compounds and coatings for aircraft manufacturing and MRO. In addition to manufacturing, FMi prides itself on custom packaged materials, accredited testing, short lead times and high-quality, reliable service. “FMi’s robust position as a trusted supplier in the aerospace industry will further enhance Novaria’s growing leadership in its markets worldwide.” “The acquisition of FMi is an exciting step as we continue to diversify and strengthen our supply of high-quality, material science-based components and services that are vital to our customers, “Novaria CEO Bryan Perkins said. We look forward to building on the strong foundations of FMi and combining it with Novaria’s family of aerospace and defense-focused businesses.” Specific terms of the acquisition have not been publicly disclosed. Novaria Group is a privately held business focused on precision component companies that deliver optimum performance and sustainable growth with the aerospace and defense marketplace.