The acquisition includes all Matrix Composites technologies, operations and assets in their entirety.
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.
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.
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 customers’ expectations.
The acquisition is SKAPS Industries first in North America.