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 full-service Design-to-Manufacturing company, originally founded in 1890. Globe is a US based business that provides design, material, and process expertise to create composite-based solutions for Defense and Industrial customers, allowing them to more effectively accomplish their mission. Globe Composite Solutions is a wholly owned subsidiary of ESCO Technologies (NYSE: ESE). For more information, visit: www.globecomposite.com.