Home / News / US company IPS takes over Swift Textile Metalizing

US company IPS takes over Swift Textile Metalizing

28
Jun '21
Pic: Integrated Polymer Solutions
Pic: Integrated Polymer Solutions
Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, has taken over Swift Textile Metalizing (STM), a designer and manufacturer of highly engineered metalised fabrics used in electromagnetic and radio frequency interference shielding applications. The acquisition is meant to strengthen the materials science business.

Integrated Polymer Solutions is a leader in designing and engineering elastomeric components and tools for aerospace, military, medical and specialty industrial markets. STM maintains key positions on long-lived aerospace, naval, and ground defence platforms critical to the next generation of national defence.

Located in Bloomfield, Connecticut, STM was founded in 1955 and throughout its history has remained at the forefront of conductive and reflective fabric materials science. Since 2015, the company has been owned by Steve Sigmon, who has guided the business into new end markets and impressive growth.

Steve Sigmon, owner and president of STM, said, "STM has found an ideal partner in IPS that will continue STM's legacy of innovation, problem-solving, and collaboration while diligently supporting our customers to solve their most difficult challenges. It was clear from my time with the IPS team that we share similar visions for the future, and I couldn't be more excited for the future of the business."

Rich McManus, president and CEO of IPS, commented, "Since we first met Steve and were introduced to STM, we have continued to be impressed by not only the quality of his company, but also the experience, depth, and dedication of his team. It is truly an exceptional organisation, and we take the responsibility of partnering with Steve and his team for STM's next chapter very seriously and with great humility. Together we are excited to continue building a world-class materials science business."

Fibre2Fashion News Desk (SV)

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