Chase Corporation announced the acquisition of Sheldahl from Flex, strengthening its position in engineered materials for high-reliability applications and expanding its capabilities in specialized thin-film technologies serving aerospace, automotive, industrial, and medical markets.
Founded more than 70 years ago, Sheldahl designs and manufactures coated films, laminates, and flexible circuit technologies used in mission-critical applications. The company has a long history supporting major commercial and defense space programs, with technologies that have contributed to projects ranging from Apollo 11 to the James Webb Space Telescope.
The acquisition enhances Chase’s portfolio of specification-driven engineered materials and broadens its manufacturing expertise in high-performance thin-film solutions. Sheldahl’s established relationships with leading original equipment manufacturers and its vertically integrated manufacturing footprint are expected to support continued growth across North America and global markets.
Following the transaction, which closed upon signing, Sheldahl employees will become part of Chase’s employee ownership program, providing them with the opportunity to participate in the benefits of equity ownership. Financial terms of the deal were not disclosed.
Founded in 1946, Chase Corporation develops and manufactures engineered materials designed to deliver durability and enhanced performance in demanding environments across the industrial, infrastructure, and electronics sectors.
KEY QUOTES:
“Sheldahl is a strong strategic fit for Chase and represents a highly attractive growth investment that expands our capabilities in specialized, highly-engineered thin-film solutions for specification-driven, mission-critical applications. Sheldahl has built an impressive business with differentiated manufacturing expertise, decades of heritage supporting landmark space missions from Apollo 11 to the James Webb Space Telescope, and strong relationships with leading OEM customers. We look forward to building on those strengths and supporting the company’s continued growth.”
Eric Conley, Chief Executive Officer, Chase Corporation
