Novaria Group Acquires Advanced Coating
Summary
FORT WORTH, Texas--(BUSINESS WIRE)--Novaria Group, a leading manufacturer of specialty hardware for the aerospace and defense industries, today announced its acquisition of Advanced Coating, a market-leading provider of complex surface enhancement and protection technologies and Parylene coating services. “The addition of Advanced Coating is another big step in the continued evolution of our business model,” Novaria CEO Bryan Perkins said. “The technology that seals and protects critical system components from hazardous and harsh environments is vital to aerospace and defense, which makes Advanced Coating a natural fit for the Novaria family.” “Advanced Coating brings deep specialized expertise that we look forward to leveraging as we continue to grow and position our business to even better and more holistically serve our valued customers,” Novaria Senior Finance Director Marc McLeroy said. “With its experience and dedication to partnering with innovators in the marketplace, Novaria is the right choice to help author Advanced Coating’s next chapter.” Terms of the deal were not disclosed. Novaria Group is a privately held business focused on precision component companies that deliver optimum performance and sustainable growth within the aerospace and defense marketplace.