Performance Plastics, Angeles Composites Technologies acquired by JW Hill Capital

JW Hill Capital (Scottsdale, Ariz., U.S.) announced in October the acquisition of Performance Plastics Inc. (PPI, San Diego, Calif., U.S.) and Angeles Composites Technologies Inc. (ACTI, Port Angeles, Wash., U.S.) from Avantus Aerospace (Hayes, U.K.). JW Hill Capital notes that these acquisitions diversify its aerospace portfolio into the growing composite aerostructure segment.

California-based PPI is a manufacturer of precision-engineered composite aerostructure components for major military and commercial OEMs, as well as Tier 1 suppliers. Founded in 1982, PPI focuses on small- to mid-size assemblies, and has an extensive list of customer qualifications covering both metal bond and composites processes.

“The PPI team is excited to begin a new chapter as part of JW Hill Capital,” says Jim Renaud, president, PPI. “Our partnership brings a renewed focus to PPI’s capabilities and strengths, with the vision and support to continue to grow the brand moving forward.”

Similarly, ACTI is a manufacturer of structural composite assemblies and components for commercial and business aviation. Founded in 1996, ACTI focuses on mid- to large-size monolithic composite structures and assemblies.

“The team at ACTI looks forward to our partnership with JW Hill Capital which will forge opportunities benefiting all stakeholders, customers and employees,” says Michael D.  Rauch, president, ACTI.