FORT WORTH, Texas, June 20, 2017 /PRNewswire/ -- Novaria Group announced today it has acquired aerospace industry leader Space-Lok, Inc., which will now fall under Novaria Fastening Systems, the company's collection of leading aerospace fastener suppliers to aerospace manufacturers across the country.
Space-Lok focuses on the design, development and manufacture of high-quality internally and externally threaded fasteners and component mechanisms for all sectors of the aerospace industry. Established in 1962, Space-Lok has earned a reputation for providing superior products and services to aerospace customers.
"Space-Lok's product pedigree includes qualified work with the biggest OEMs in the aerospace market on both civilian and military aircraft," said Bryan Perkins, CEO and president of Novaria Group. "With this acquisition, Novaria expands the suite of proprietary and qualified products it can offer customers while simultaneously enhancing ongoing opportunities for the long-term growth of Novaria."
Headquartered in the Los Angeles area, Space-Lok's facility houses a full range of state-of-the-art manufacturing equipment complemented by an advanced, on-site testing laboratory. Space-Lok's manufacturing facility possesses extensive in-house capabilities such as CNC machining, hot and cold forging, thread rolling, gun-drilling, grinding, EDM machining, tapping and tool making covering the full range of aerospace materials.
"Novaria Fastening Systems has seen exponential growth through increased business and strategic acquisitions," said Earl Larkin, executive vice chairman of Novaria Group. "Space-Lok will continue that growth trajectory and will maintain its current team members, who have steered the company to great success."
Said Space-Lok former owner Jeff Wade: "The strength of Novaria's reputation, along with the company's connection to the aerospace industry, is the perfect complement to Space-Lok's long history in the business. This is a strategic move for both Space-Lok and Novaria that will greatly boost growth opportunities."
"We are proud to add Space-Lok to our award-winning team of fastener companies at Novaria," said Monty Gillespie, president of Novaria Fastening Systems. "Space-Lok will continue to be managed in the same successful manner it has always, bringing capabilities that allow for quick and customized solutions for customers. Their reputation among leading manufacturers is unmatched."
About Novaria Group
Novaria Group is a privately held corporation, focused on the premier supply of products to the aerospace and defense industries. Led by founders Bryan Perkins and Earl Larkin, the company operates a cohesive family of precision component companies that consistently delivers optimum performance and sustainable growth within the aerospace and defense marketplace. Current operating platforms include Novaria Fastening Systems (NFS), Novaria Surfaces & Structures, and Novaria Component Solutions. Business units include ESNA (www.esnaproducts.com), Space-Lok (www.space-lok.com), John Hassall (www.hassall.com); Weatherford Aerospace (www.weatherfordaerospace.com), V&M Aerospace, Ferco Tech, L&E Engineering, (www.fercoaerospacegroup.com). For more information about Novaria Group, visit www.novariagroup.com.
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SOURCE Novaria Group