Precision Products Group acquired Monadnock Non-Wovens, expanding its Engineered Textiles division into specialty filtration, acoustic, medical, and industrial nonwoven materials.
Precision Products Group is a portfolio company of Auxo Investment Partners.
Monadnock Non-Wovens is based in Mount Pocono, Pennsylvania, and manufactures engineered meltblown nonwoven materials.
The company has operated for more than 25 years and was founded by the Verney family.
Its products serve filtration, automotive, healthcare, appliance, consumer, acoustic, and industrial applications.
Monadnock designs and builds its own fiber-production equipment and operates multiple meltblown and hydro-charging production lines.
Its in-house applications laboratory helps customers move new products from pilot production into full-scale manufacturing.
The acquisition adds meltblown nonwovens to Precision Products Group’s existing portfolio spanning paper, tubing, woven products, and other engineered materials.
Monadnock will continue operating under its existing brand.
James Cree will remain President of the business.
Precision Products Group plans to invest in additional equipment, capabilities, processes, engineering, and commercial resources to support growth.
KEY QUOTES:
“PPG is built around highly technical, highly engineered materials, and MNW shares that same focus.”
Tom Moore, CEO of Precision Products Group
“With PPG’s resources and expertise behind us, we’ll be able to accelerate that work and bring even better solutions to our customers.”
James Cree, President of Monadnock Non-Wovens
“MNW’s in-house equipment design, process expertise, and history of developing custom solutions alongside its customers make it a strong fit for PPG.”
Jeff Helminski, Managing Partner of Auxo Investment Partners
