GrafTech Acquires Fiber Materials
November 3, 2011
GrafTech International Ltd. completed the acquisition of the business and assets of Fiber Materials Inc. (FMI) for $14 million. Headquartered in Biddeford, Maine, FMI manufactures highly engineered advanced carbon composites serving the aerospace and defense industries and high-temperature insulation for use in industrial applications. FMI will become part of GrafTech's Engineered Solutions business segment and employs approximately 160 people. According to GrafTech, FMI adds significant technology in advanced carbon composites to its existing product portfolio.