We are pleased to announce the sale of our client, Northern Composites LLC, to Krayden, Inc. The acquisition closed February 1, 2021.
Located in Hampton, New Hampshire, Northern Composites is a distributor of premium quality composite materials and a manufacturer of Northern Composites branded vacuum bagging materials and accessories.
Their products include:
Krayden, located in Denver, Colorado, is a leading distributor of specialty chemicals to the aerospace, electronics, transportation, and Industrial sectors. Krayden is an engineered solutions distributor of adhesives, sealants, and specialty chemicals.
Partnered with industry leaders like Dow, Henkel, and other leading suppliers, Krayden serves a wide array of global companies in the aerospace, transportation, energy, electronics, and general industrial markets.
Richard Hewett, GM of Northern Composites said, “Krayden is a great fit with their 18 Global facilities and 60+ outside technical sales representatives. They have a stronger relationship with top tier suppliers and a fantastic reputation for providing technical service and assistance.
“Our customers will continue to receive a high level of service and have access to a much broader product line.”
Wayne Wagner, President of Krayden, said, “We truly admire Northern Composites, and plan to leverage their expertise in composites, along with their manufacturing and kitting capabilities. They are a perfect complement to our own company culture and approach to business.”
Northern Composite customers will now have access to one of the largest stocking distributors of Dow Silicones, Henkel Adhesives and technologies in all markets, Huntsman, Humiseal (Chase), Alpha Metals, ITW Plexus/Devcon, HB Fuller, Bostik, 3M, Sika and many other premium product lines.
Krayden customers will now have access to the Northern Composites brand of vacuum bagging technologies and accessories, which include bagging films, release films, sealant tapes, breathers, prepregs, peel plies, and kitting.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior Managing Director of Mergers and Acquisition, Terry Mackin, with the support of Vice President, Mergers & Acquisitions, Tristan Keefe, successfully closed the deal. Senior Managing Director Ashok Tandon established the initial relationship with Northern Composites.
“By leveraging Northern Composite's unique model, we were able to find the perfect partners in Krayden, a company with solid management that not only understands its market but also has the vision to see what Northern can add to their capabilities in the future,” said Mackin.
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