Acquisition enhances proprietary and qualified product portfolio
FORT WORTH, Texas–(BUSINESS WIRE)–Fort Worth-based Novaria Group announces today the acquisition of Long-Lok, LLC, a premier manufacturer of self-locking and self-sealing fasteners, with locations in Cincinnati, Ohio and Carson, California.
Long-Lok’s self-locking fasteners have helped solve threaded component fastening problems for more than 50 years using unique and proprietary designs, including thin nylon strips and patches, which help strengthen and secure bolted assemblies during operation.
“Long-Lok’s unique mix of products and key customer relationships are a perfect fit with our portfolio of aerospace manufacturing companies,” said Bryan Perkins, CEO of Novaria Group. “With this acquisition, Novaria expands its suite of proprietary and patented products and solutions it offers customers, while enhancing ongoing opportunities for long-term growth.”
Long-Lok’s products go on a wide variety of high-growth programs, which fits within Novaria’s long-term growth strategy.
Said Long-Lok CEO, Bob Bennett: “Novaria is the ideal company to ensure the continued success of Long-Lok. I feel strongly in our decision to have Novaria support and guide Long-Lok during its upcoming stages of growth. Based on Novaria’s reputation and connection to the aerospace industry, this is a strategic move that will greatly boost business opportunities for Long-Lok going forward.”
“Novaria continues to focus on accelerated growth, organically and through acquisition. The addition of Long-Lok furthers that strategy,” said Mike Wagner, executive vice president of operations for Novaria Group.
Long-Lok continues operations in its current facilities in Ohio and southern California along with its many tenured and skilled employees. Justin Tucker, VP of Finance for Novaria, stated, “Long- Lok’s products and reputation among leading aerospace manufacturers is unmatched and the partnership with Novaria will only further its growth.”
About Novaria Group
Novaria Group is a privately held corporation, focused on the premier supply of products to the aerospace and defense industries. Current business units include ESNA (www.esnaproducts.com), Space-Lok (www.space-lok.com), Acra Aerospace (www.acraaerospace.com), Weatherford Aerospace (www.weatherfordaerospace.com), V&M Aerospace (www.vandmaero.com), Ferco Tech, L&E Engineering, (www.fercoaerospacegroup.com) and Long-Lok (www.longlok.com). For more information about Novaria Group, visit www.novariagroup.com.