AP NEWS

SKAPS Industries Acquires Matrix Composites

May 15, 2018

ATHENS, Ga.--(BUSINESS WIRE)--May 15, 2018--SKAPS Industries has completed an agreement to acquire Matrix Composites (Henderson, KY and Seguin, Texas). The acquisition includes all Matrix Composites technologies, operations and assets in their entirety.

The acquisition of Matrix provides SKAPS Fiberglass Division a global position and platform to expand in North and South America. SKAPS will focus on customer service performance, technical textile expertise, improved quality and certifications to bring in-line to customers’ expectations.

Matrix Composites, Inc. was started January 1996 in Henderson, Kentucky in a new building to produce woven fiberglass fabrics. Under the ownership of Don Hudson (1996) Matrix expanded with a second factory in Seguin, Texas (2002) which took Matrix to producing woven and non-woven fabrics in two different states. Matrix has built a diversified customer based, with lean production practices and the ability to provide speed to market services for many products lines.

The acquisition is SKAPS Industries first in North America.

About SKAPS Industries:

SKAPS Industries was founded by Perry Vyas in 1996. SKAPS is the leader in the fabrication of geosynthetic and nonwoven drainage products for environmental and civil use in the U.S. and abroad. Producing in three countries (USA, India and Brazil) with seven factories it holds a strong presence in over 60 countries. In 2014 SKAPS diversified into fiberglass fabrics in India which since has grown supporting both the woven and non-woven markets. For additional information, please visit www.skaps.com or follow us on LinkedIn and YouTube.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180515006662/en/

CONTACT: SKAPS Industries

Randall Stout, 480-242-0913

randall.stout@skaps.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: ENERGY OTHER ENERGY MANUFACTURING ENGINEERING TEXTILES OTHER MANUFACTURING

SOURCE: SKAPS Industries

Copyright Business Wire 2018.

PUB: 05/15/2018 04:23 PM/DISC: 05/15/2018 04:23 PM

http://www.businesswire.com/news/home/20180515006662/en

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