Tex Tech Industries: Comprehensive Company Profile

Background

Founded in 1904, Tex Tech Industries has established itself as a premier designer and manufacturer of specialty textiles and fabrics. The company's mission is to provide technically designed textile solutions for virtually any application, leveraging cutting-edge technology and decades of experience to develop state-of-the-art, material science-driven solutions. Tex Tech serves a diverse range of industries, including aerospace, defense, automotive, medical, personal protection, filtration, high-performance sports, and industrial sectors. With a global presence, the company distributes over 7,000 products worldwide.

Key Strategic Focus

Tex Tech Industries focuses on delivering high-performance, innovative textile solutions tailored to demanding applications. The company's core objectives include advancing textile research and development, expanding manufacturing capabilities, and maintaining a strong presence in key markets such as aerospace, defense, automotive, and medical sectors. Tex Tech specializes in woven and non-woven fabrics, as well as coating and lamination technologies, to meet the stringent requirements of its diverse clientele.

Financials and Funding

Tex Tech Industries has strategically expanded its operations through acquisitions and investments. In January 2025, the company acquired Fiber Materials, Inc. (FMI) from Spirit AeroSystems for $165 million in cash. This acquisition added high-temperature materials and reinforced composites to Tex Tech's portfolio, enhancing its capabilities in the aerospace and defense sectors. Additionally, in May 2019, Tex Tech acquired the coating and laminating operations of Highland Industries, further strengthening its manufacturing capabilities.

Pipeline Development

Tex Tech Industries has developed a range of proprietary brands and products to address specific industry needs:

CarbonX: Non-flammable fabrics and apparel designed for outstanding fire protection, utilized in industries such as aerospace, defense, industrial, law enforcement, and more.

MatrixFR: Flame-resistant protective fabrics engineered to protect users from flame, heat, and electrical current while maintaining flexibility.

OASIS: Moisture-absorbent products that swell upon contact with moisture to prevent leakage, ideal for protecting electrical wiring, cables, and equipment.

CoreFX: Inherently flame-resistant fabrics providing excellent technical performance and comfort, designed to manage heat stress.

Panotex: Industrial fabrics designed for exceptional durability and reduced heat transfer.

HiFlex® and HiFlex Advantage®: Angle-induced fabrics with specific structural properties, used in the construction of power transmission belts.

These products are developed to meet the evolving demands of industries requiring high-performance textile solutions.

Technological Platform and Innovation

Tex Tech Industries distinguishes itself through its commitment to innovation and advanced manufacturing technologies:

Proprietary Technologies: The company has developed unique formulations and processes for coating and laminating textiles, addressing demanding heat, strength, and chemical performance requirements.

Scientific Methodologies: Tex Tech employs a material science-driven approach, utilizing an advanced development lab to design, prototype, and test solutions tailored to client specifications.

AI-Driven Capabilities: While specific AI applications are not detailed, Tex Tech's focus on cutting-edge technology suggests the integration of advanced analytical tools in its research and development processes.

Leadership Team

Tex Tech Industries is led by a team of experienced professionals:

Scott Burkhart: Chief Executive Officer, overseeing the company's strategic direction and operations.

Kelly Moore: Chief Financial Officer, responsible for financial strategy and management.

Justin Barnett: Director of Coatings Sales, leading sales initiatives for the coatings division.

The leadership team brings extensive experience in the textile industry, guiding Tex Tech's growth and innovation efforts.

Leadership Changes

In May 2019, following the acquisition of Highland Industries' coating and laminating operations, Scott Burkhart joined Tex Tech as President of Coatings, later becoming CEO. Kelly Moore and Justin Barnett also joined the company as VP of Finance and Director of Coatings Sales, respectively, bringing their expertise to the expanded operations.

Competitor Profile

Market Insights and Dynamics

The specialty textiles industry is characterized by a focus on high-performance materials catering to sectors such as aerospace, defense, automotive, and medical. The market is driven by technological advancements, increasing demand for durable and functional fabrics, and the need for materials that meet stringent safety and performance standards.

Competitor Analysis

Tex Tech Industries faces competition from several companies in the specialty textiles sector:

Embry Holdings: A manufacturer and retailer of textile products, focusing on the Chinese market.

Siyaram Silk Mills: An Indian textile company specializing in fabrics and garments.

Artistic Milliners: A Pakistan-based denim fabric and apparel manufacturer.

Maral Overseas: An Indian manufacturer of textiles, including yarns and fabrics.

While these companies operate in the textile industry, Tex Tech's emphasis on high-performance, specialty materials for demanding applications sets it apart in the market.

Strategic Collaborations and Partnerships

Tex Tech Industries has engaged in strategic acquisitions to enhance its capabilities and market position:

Fiber Materials, Inc. (FMI): Acquired in January 2025, adding high-temperature materials and reinforced composites to its portfolio, particularly enhancing capabilities in the aerospace and defense sectors.