Globe Composite Solutions LLC Announces Acquisition of CMT Materials and Engineered Syntactic Systems, leading providers of buoyancy systems for UUVs and Specialty Chemical Products
Boston, MA, Feb 10, 2023 – Globe Composite Solutions, a subsidiary of ESCO Technologies Inc. (NYSE: ESE) today announced that on February 1, 2023, the company acquired CMT Materials, LLC and its affiliate Engineered Syntactic Systems, LLC (CMT). CMT, based in Attleboro, Massachusetts, is a leading supplier of syntactic materials for buoyancy and specialty applications. They are experts in designing and manufacturing custom syntactic foam components and systems, which are utilized in industrial, oceanographic, military, and naval applications. CMT brings proprietary technology and capabilities to Globe’s A&D business and will strengthen the company’s offerings on underwater platforms for the Navy.
Joe McCadden, Globe’s President, commented, "We're excited to welcome CMT and their employees to the Globe and ESCO family. CMT and ESS bring technologies and capabilities that strengthen our naval offerings and provide us further exciting opportunities in the specialty applications and unmanned underwater vehicle market."
About Globe Composite Solutions
Globe Composite Solutions is a Design-to-Manufacturing company, providing design, material, and process expertise to create composite-based solutions for Defense and Industrial customers. We create solutions that allowing our customers to effectively accomplish their mission. CMT Materials designs and manufactures the HYTAC® line of composite tooling materials, which is the world standard for thermal management and reduced plastic use in thermoformed packaging. Engineered Syntactic Systems (ESS) designs and manufactures syntactic foams that provide the lowest densities/ highest strengths for subsea buoyancy, and lightest weight as a structural protection when flame and toxic smoke is a concern. CMT and ESS are divisions of Globe Composite Solutions, which is a wholly owned subsidiary of ESCO Technologies (NYSE: ESE). For more information, visit: www.globecomposite.com.
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