Private equity firm Liberty Lane Partners and St. Cloud Capital have acquired Superior Huntingdon Composites LLC, a manufacturer of fiberglass reinforcements used in structural composite applications.
"The acquisition positions Superior Huntingdon for substantial growth in an industry where accelerating advancements in materials science and product technologies continue to create opportunities for fiberglass composite materials across high-end growth markets," a June 12 news release said.
"Environmental regulatory imperatives and ESG/sustainability trends, are accelerating the adoption of fiberglass composites as manufacturers seek to achieve superior application performance and improve the … impact across the product lifecycle," the release said.
Huntingdon, Pa.-based, Superior Huntingdon, formerly a portfolio company of Stonewood Capital Management, manufactures custom and standard-formulated fiberglass continuous filament mat, Conformat-brand reinforcements, and Surmat-brand veils.
Liberty Lane Partners and Superior Huntingdon did not immediately respond to separate requests for comment by Plastics News.
Brown Gibbons Lang & Co.'s engineered materials investment banking team served as the exclusive financial adviser to Superior Huntingdon.
Superior Huntingdon's products are commonly used in power and energy transmission and distribution, storage and management, infrastructure, building products, transportation, marine end markets, and other advanced composite applications. They are engineered to provide application-specific enhancements, including light weighting, strength and durability, corrosion resistance, prolonged life span, and lower maintenance as substitutes for steel, aluminum, wood and other materials.