# Socomore acquires majority stake in Flamemaster

Socomore increased its stake in Flamemaster from approximately 22.5% to approximately 73.97%, acquiring about 52% of outstanding shares. Flamemaster will continue to operate as an autonomous California-based company providing sealants, adhesives, and coatings for aerospace, defense, and other industries.

- Type: Acquisition
- Announced: 2023-08-10
- Where: Pacoima, California, United States
- Status: completed
- Products: sealants, adhesives, coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [SOCOMORE](https://endata.com/companies/16167.md) (acquirer)
- [Flamemaster Corporation](https://endata.com/companies/71983.md) (target)

## Sources

- [flamemaster.com](https://flamemaster.com/pr-august-10-2023/), 2023-08-10: "Socomore acquired about 52% of the outstanding shares from the selling shareholders based on agreements entered into in 2019."
- [socomore.com](https://www.socomore.com/en/blog/news/socomore-enters-the-aeronautical-sealants-market-with-the-acquisition-of-us-company-flamemaster), 2023-09-04: "I'm delighted to announce this latest capital increase and the acquisition of a majority stake in Flamemaster, our partner for over 5 years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.