Re:Build Manufacturing acquires Composite Resources
Massachusetts-based investment group Re: Build Manufacturing has acquired South Carolina-based fabricator Composite Resources.
Re:Build Manufacturing (Framingham, Mass., U.S.) reported on March 2 that it has acquired composites fabricator Composite Resources (Rock Hill, S.C., U.S.). Composite Resources produces composite parts and structures for the aerospace, defense, space, industrial and automotive end markets. This follows Re:Build’s acquisition in late 2020 of thermoplastic composites specialist Oribi Manufacturing (Commerce City, Colo., U.S.). Composite Resources and Oribi will operate within the Re:Build Composites business unit.
Steve Mead, president of Re:Build Composites, says Re:Build is all about a “buy and build” approach over time. As such, Mead says, “We are investing for growth and anticipate that the only changes we make at Composite Resources will be for the better, and will be made to expand CR’s already well-established team and capabilities,” Mead says.
Re:Build’s broader mission is to integrate new technologies with conventional manufacturing businesses to accelerate their growth and improve performance. The company’s mission, according to the Re:Build website, is “focused on rebuilding America’s manufacturing base and creating meaningful, sustainable jobs in areas that have been deindustrialized over the past 20-30 years.”
“This is not a private equity play,” says Mead. “Re:Build is a standalone company that is investing in long-term growth of manufacturing firms in a variety of vertical industries.” Mead came to Re:Build via Oribi, which he joined in 2020 after several years with Toray and, prior to that, TenCate and Fiberforge. Mead is recently joined in the Re:Build Composites business by Eric Smith, VP of sales and marketing. Smith came to Re:Build after more than eight years in a sales role at Hexcel.
For more on Composites Resources, see CW’s 2018 plant tour.
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