# Spirit AeroSystems sells Fiber Materials to Tex-Tech for $165M

Spirit AeroSystems has agreed to sell its Fiber Materials, Inc. (FMI) business, based in Biddeford, Maine and Woonsocket, Rhode Island, to Tex-Tech Industries for $165 million in cash. FMI produces high-temperature materials and reinforced composites for defense and space applications.

- Type: Acquisition
- Announced: 2024-11-18
- Where: Biddeford, Maine and Woonsocket, Rhode Island, United States
- Value: $165.0M
- Jobs: 400
- Status: announced
- Products: high-temperature materials, reinforced composites, carbon/carbon composites
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Spirit AeroSystems](https://endata.com/companies/16652.md)
- [Spirit AeroSystems](https://endata.com/companies/16652.md) (target)
- [Fiber Materials Inc.](https://endata.com/companies/20561.md) (target)
- [Tex Tech Industries](https://endata.com/companies/26631.md) (acquirer)

## Sources

- [spiritaero.com](https://www.spiritaero.com/pages/release/spirit-announces-purchase-agreement-with-tex-tech-industries-for-intended-sale-of-fiber-materials-inc-fmi/), 2024-11-18: "Tex-Tech is excited to add FMI's unique array of high-performance products to our existing portfolio of offerings for the rapidly growing space and defense industry."
- [nasdaq.com](https://www.nasdaq.com/press-release/spirit-announces-purchase-agreement-tex-tech-industries-intended-sale-fiber-materials), 2024-11-18: "Tex-Tech is excited to add FMI's unique array of high-performance products to our existing portfolio of offerings for the rapidly growing space and defense industry."
- [prnewswire.com](https://www.prnewswire.com/news-releases/spirit-announces-purchase-agreement-with-tex-tech-industries-for-intended-sale-of-fiber-materials-inc-fmi-302309120.html), 2024-11-18: "Spirit AeroSystems announces a purchase agreement to sell Fiber Materials, Inc business to Tex-Tech Industries for $165,000,000 in cash."
- [govconwire.com](https://www.govconwire.com/articles/spirit-fiber-materials-inc-sale-tex-tech-industries), 2024-11-19: "Our customers demand world-class solutions, and the integration of FMI bolsters our ability to meet those demands."

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