US: Armor Holdings acquires Tensylon manufacturer
Security and armour specialist Armor Holdings is set to invest more than US$12m in new acquisition Integrated Textile Systems (ITS) after paying an undisclosed sum for the company.
ITS manufactures Tensylon, a high-strength, lightweight material used in vehicle armouring and bulletproof vests, derived from a high-molecular weight polyethylene polymer.
Armor Holdings plans to invest to increase production capacity at ITS over the next two years. "We are very excited to acquire core technology for our markets and to gain control over a versatile, low-cost, high-performance ballistic material," said Armor president and CEO Robert Schiller.
Dr Tony Russell, chief technology officer at Armor Holdings, added that the Tensylon manufacturing process was much cleaner than that of other ballistic fibres, while its relatively low cost could give the company a competitive advantage.
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