Vaupell Holdings, a global provider of hi-tech plastics assemblies and products for the defense, aerospace and medical markets, has acquired the New York-based Russell Plastics Technology Company. Russell Plastics supplies composite plastics products and assemblies to the military and aerospace markets, while Vaupell is a portfolio company of Miami-based H.I.G. Capital, a global private investment firm.
The Russell acquisition adds composite manufacturing capabilities, tools and services to Vaupell’s existing offering of products and services. It also expands Vaupell’s military and rotorcraft markets.
The CEO of Vaupell, Joe Jahn said that the demand for structurally tough and lightweight composite parts is growing, particularly in the defense and aerospace markets.
Russell Plastics Technology’s President, Alexander Bozza, and other key management members will continue their current roles. Bozza will also join the Vaupell board.
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