Twitchell Technical Products, a leading specialty materials company focused on engineered polymer fabrics and coated films, has acquired the Quantum Group, a leading manufacturer and innovator of unique yarns and high-performance woven fabrics to the furniture, construction, recreational, industrial, healthcare, automotive and airline industries.
Twitchell Technical Products is Highlander Partners' portfolio company.Twitchell Technical Products, a leading specialty materials company focused on engineered polymer fabrics and coated films, has acquired the Quantum Group, a leading manufacturer and innovator of unique yarns and high-performance woven fabrics to the furniture, construction, recreational, industrial, healthcare, automotive and airline industries.#
Founded in 1985, Quantum Group ("Quantum") is a vertically integrated yarn and fabric manufacturer with expertise in mono- and multi-filament yarns and possessing extensive yarn preparation processes, including warping, texturising and twisting fibres, producing a wide variety of engineered performance characteristics, patterns and textures. Examples include fabrics with unique performance characteristics for a wide range of uses like the Pellicle fabric for the iconic Herman Miller Aeron chair and the roof fabric in use on Centre Court at the Wimbledon Tennis Center.
Quantum's facilities, located in Colfax, North Carolina, are ISO 9001 and ISO 14001 certified and all of the company's products are manufactured in the US.
Founder Jeff Bruner, who started the business to provide unique technical solutions, will remain with Quantum as general manager, is a continuing shareholder and will join the Twitchell management team as chief technology officer.
"I am pleased to be joining forces with the people and business of Twitchell to continue Quantum's focus on innovation and growth as we leverage our combined technologies into new and exciting products," said Jeff Bruner.
"We are thrilled about the addition of Quantum's technology, products, customers and people to our growing platform of technology driven specialty materials. The acquisition of Quantum expands our reach into complementary categories and strengthens Twitchell's technological expertise and strategic positioning. Like Twitchell, Quantum takes a customer-centric approach, providing customers with leading-edge fabric technology, superior service and customised solutions, and the two organisations are a great cultural fit," said Jeff Register, Twitchell's chief executive officer.
Mike Nicolais, chairman of Twitchell and CEO of Highlander Partners, commented, "The addition of Quantum is another example of Highlander's ongoing strategy of executing strategic add-on acquisitions that expand our portfolio companies' product offerings and market share. This is our second acquisition in the last twelve months and Twitchell is well positioned to continue supplementing its organic growth with M&A opportunities." (SV)
Fibre2Fashion News Desk - India
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