SKAPS Industries Acquires Matrix Composites

ATHENS, Ga.–(BUSINESS WIRE)–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 customersÔÇÖ
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.

Contacts

SKAPS Industries
Randall Stout, 480-242-0913
[email protected]