PITTSBURGH, PA. November 18, 2016
Stonewood Capital Management, Inc. is pleased to announce that two of its global composites portfolio companies, Huntingdon Fiberglass Products, LLC in Huntingdon, Pennsylvania, a manufacturer of continuous filament mat, and Superior Composites Co., LLC in Vanceburg, Kentucky, a manufacturer fiberglass-based composite materials, are being consolidated and will operate as one company to be called Superior Huntingdon Composites, LLC.
Superior Huntingdon Composites will be uniquely positioned to provide the global composites market with the most comprehensive offering of glass reinforced continuous filament mat and veil material solutions available to customers today. The product offerings are used in the construction, automotive, transportation, power and energy, corrosion, wind energy, marine and other industries.
Kenn Moritz, President of Stonewood Capital, indicated that “This combination will leverage the collective talent and resources of the respective businesses to benefit global customers of both businesses and provide a more robust platform for future growth.”
Jason Takac will serve as President of the consolidated businesses and Kyle Frank will serve as the Chief Operation Officer.
Mr. Takac previously served as the Chief Operating Officer of Superior Composites. Mr. Takac has also held management positions at Jushi USA, Owens Corning and AGY Holding Corporation.
Mr. Frank previously served as the Vice President of Operations at Huntingdon Fiberglass Products, and also held operating management positions at AGY Holding Corporation and Murata Electronics.
“This consolidation represents the next step on our path to providing the global composites market with best of breed materials and service,” stated Jason Takac, President of Superior Huntingdon Composites. “We recently completed a multi-million dollar expansion in Vanceburg, KY, and we will continue to leverage our organizational resources in order to innovate on behalf of our customers worldwide.”
About Stonewood Capital: Stonewood Capital Management, Inc. is a Pittsburgh-based private equity firm making investments in profitable operating companies with revenues from $5 million to $50 million. Much of Stonewood Capital’s portfolio consists of industrial companies, but Stonewood Capital has also invested in software and business services companies.