From the Wires
Web Industries Acquires CAD Cut
Companies combine to offer a full range of composite formatting and kitting solutions
By: PR Newswire
Jan. 10, 2013 11:27 AM
MARLBOROUGH, Mass., Jan. 10, 2013 /PRNewswire/ -- Web Industries, Inc., a leader in custom manufacturing and development services for flexible materials, is pleased to announce the acquisition of CAD Cut, Inc., the leading provider of fabric cutting and kitting services for the aerospace, medical, and industrial fabrics markets. Under the terms of this transaction, Web has purchased essentially all of the assets of CAD Cut, including the company name, and will continue to operate CAD Cut's facilities in Middlesex, Vermont, and Denton, Texas.
Based in Vermont, CAD Cut utilizes the latest in computer controlled laser and knife cutting systems, supply chain management services, and world class quality systems. The company specializes in providing composite ply kits to the aerospace, aviation, defense, and industrial markets and also manufactures multilayer insulation blankets for cryogenic applications in medical devices as well as process aides for wind tunnel testing devices.
Web Industries, a privately held 100% ESOP company, provides commercial-scale, best-in-class outsource converting, manufacturing, and development services to a wide array of customers in the aerospace composites, consumer products, medical, and wire & cable markets.
The synergy between the two companies is especially strong in the aerospace sector, where Web is the recognized leader in providing precision composite slit tape for automated manufacturing, and CAD Cut has a strong background in providing precut and kitted material for hand layup of advanced composite parts. The addition of CAD Cut's ply cutting and kitting capabilities to Web Industries' existing array of proprietary composite slitting, spooling, chopping, and winding technologies and services will allow the company to offer a full range of advanced composite formatting solutions to the aerospace, automotive, and industrial markets.
"Web Industries is thrilled to add CAD Cut's ply cutting and kitting services to our own PrecisionSlit™ converting technologies in order to offer the composites, medical, and industrial fabrics markets an even more comprehensive suite of material formatting services and solutions," said Donald Romine, President and CEO of Web Industries. "We were attracted to CAD Cut because they're the best at what they do, and what they do is a natural extension of what we're best at doing."
Commenting on the acquisition, CAD Cut's President Ward Osgood said: "I'm extremely pleased by the advantages brought to our customers and employees through the combination of these two world-class organizations. Our companies share similar cultures, values, and client bases and we could not have found a more ideal partner than Web. The financial and operational strength that Web brings, coupled with their deep expertise in CAD Cut's markets, will provide substantial benefits to our customers through expanded and improved services."
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© 2013 Web Industries, Inc. All rights reserved.
SOURCE Web Industries
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