In a distribution market deal, chemicals distributor GracoRoberts has acquired composites supplier Pacific Coast Composites for an undisclosed price.
In a news release, officials with GracoRoberts in Arlington, Texas, said that the acquisition bolsters their firm's product depth and breadth and amplifies its reach to customers and suppliers in the aerospace composites market.
They described Puyallup, Wash.-based PCC as "a go-to distributor" for leading brands such as 3M and Hexcel. PCC stocks nearly 400 composites products from 20 suppliers and 15 product categories, including adhesives, bagging materials, pre-pregs, resins and honeycomb core.
PCC has spec-driven in-house converting, as well as custom kitting and slitting capabilities. The firm also offers rapid turn and same day shipping on made-to-order composites.
GracoRoberts President and CEO Jason Caldwell said that PCC "has uniquely solved for long-lead times and excessive waste in the complex composites material space."
PCC will maintain its operations in Puyallup and serve as a distribution hub for GracoRoberts in the Northwest U.S. PCC was founded in 2001 and operates a 16,000-square-foot distribution center in Puyallup.
GracoRoberts distributes chemicals and specialty materials primarily to the aerospace market. The firm has been owned since 2015 by private equity firm CM Equity Partners of New York. GracoRoberts now has made five acquisitions with CM.