M&A Deal Summary

Specialty Materials Acquires Textron - Composite Material Products Business

On December 17, 2001, Specialty Materials acquired chemicals company Textron - Composite Material Products Business from Textron

Acquisition Highlights
  • This is Specialty Materials’ 1st transaction in the Chemicals sector.
  • This is Specialty Materials’ 1st transaction in the United States.
  • This is Specialty Materials’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2001-12-17
Target Textron - Composite Material Products Business
Sector Chemicals
Buyer(s) Specialty Materials
Sellers(s) Textron
Deal Type Divestiture

Target

Textron - Composite Material Products Business

Lowell, Massachusetts, United States
Textron - Composite Material Products Business develops, manufactures and markets engineered materials such as continuous boron and silicon carbide filaments to the aerospace, defense, industrial and sports markets. Company is based in Lowell, MA and employs 28 people. The company's 2000 annual revenues were approximately $6.4 million.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Specialty Materials

Lowell, Massachusetts, United States
Category Company
Founded 2001
Sector Chemicals
DESCRIPTION

Specialty Materials, Inc. is a manufacturer of Boron and silicon carbide fiber products used primarily to reinforce advanced composite materials, and boron nanopowder for conversion to magnesium diboride. Company fibers are known throughout the world and used in aircraft, aerospace, sporting goods and industrial applications where the highest mechanical and physical performance properties are required. ISO 9001:2008 CERTIFIED.

DEAL STATS #
Overall 1 of 1
Sector (Chemicals) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1

Seller(S) 1

SELLER

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees35,000
Revenue 13.7B USD (2023)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 7 of 16
Sector (Chemicals) 1 of 1
Type (Divestiture) 7 of 15
State (Massachusetts) 1 of 1
Country (United States) 7 of 14
Year (2001) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-14 Textron - DIY

United States

Textron - DIY (Do-It-Yourself) is a distributor of fastening hardware, picture and mirror hanging hardware and accessories to the do-it-yourself retail market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-26 Camelin Decolletage Industries

Besancon, France

Camelin produces components for car braking and interior safety systems, as well as for domestic appliances.

Sell -
Mergr

Product

Company

Legal