M&A Deal Summary

Tex Tech Industries Acquires Chapman Innovations

On April 8, 2014, Tex Tech Industries acquired apparel/textiles company Chapman Innovations

Acquisition Highlights
  • This is Tex Tech Industries’ 1st transaction in the Apparel/Textiles sector.
  • This is Tex Tech Industries’ 1st transaction in the United States.
  • This is Tex Tech Industries’ 1st transaction in Utah.

M&A Deal Summary
Date 2014-04-08
Target Chapman Innovations
Sector Apparel/Textiles
Buyer(s) Tex Tech Industries
Deal Type Add-on Acquisition

Target

Chapman Innovations

Salt Lake City, Utah, United States
website
Chapman Innovations, Inc. is a developer, producer, and marketer of thermal fabric solutions under the brand CarbonX.

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Buyer(S) 1

Buyer

Tex Tech Industries

Kernersville, North Carolina, United States

website

Category Company
Founded 1904
Sector Apparel/Textiles
DESCRIPTION

Tex Tech Industries is a specialty textile material manufacturer that specializes in meeting the requirements of difficult and demanding customer applications. The Company’s research and development team allows it to be innovative, creative, and on the cutting edge for the benefit of its growing customer base. Tex Tech Industries was formed in 1904 and is based in Kernersville, North Carolina.

DEAL STATS #
Overall 1 of 4
Sector (Apparel/Textiles) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 3
Year (2014) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Universal Carbon Fibres

Bradford, United Kingdom

Universal Carbon Fibres Ltd. designs and manufactures high performance yarns and fabrics made predominantly from carbon based fibers for use in technical and extreme environments.

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