Business

April 10, 2013

Element Materials Technology acquires Sherry Laboratories to become largest U.S. aerospace materials testing company

Element Material Technology has acquired Sherry Laboratories, one of the largest independent materials testing businesses in the United States.

This significant transaction will add nearly 300 specialized staff and 10 facilities to Elementís existing network of 30 laboratories, making Element Americaís largest dedicated aerospace materials testing company.

The acquisition reinforces Elementís core growth objective, which is to provide an unrivalled materials testing service focused specifically on the aerospace, oil and gas, transportation, and power generation sectors.

Sherry, headquartered in Daleville, Ind., provides a broad range of testing services to the aerospace, oil and gas, and power generation industries. The 66-year-old company has laboratories supporting more than 6,000 clients throughout Ohio, Indiana, Oklahoma and Louisiana.

Sherry Laboratories has a great reputation and first class testing facilities, but the company’s most valuable asset is its people, said Charles Noall, president and CEO of Element Materials Technology. This acquisition is a superb fit for Element and we are very much looking forward to bringing Sherryís numerous engineers, scientists and technicians on board to join forces with our own engaged experts.

Sherry’s Nadcap accredited facilities have also been approved by aerospace primes including Boeing, Rolls-Royce, Honeywell, Bombardier and GE Aviation, which further adds to Elementís own prime approvals held across a wide range of laboratories.

Commenting on the transaction, Chris LaMothe, CEO of Sherry Laboratories, said We are delighted that we have been able to join forces with Element. This deal will enable Sherry to offer its customers an even broader range of testing services and capabilities, and we look forward to playing a critical role in the continued success of the Element Group.

This latest deal by Element follows a number of significant acquisitions in the last fifteen months, including MAR-TEST of Cincinnati, Ohio, Detroit Testing Laboratories of Warren, Michigan, and UK-based polymer engineering and testing specialists MERL.

We have had valuable integration experience with a number of high quality acquisitions as part of the Elementís continued growth strategy, so it will be very much ëbusiness as usualí for everyone concerned going forward,î said Noall. ìThis transaction further broadens the range of capabilities that Element offers its clients and puts our company at the heart of the materials testing industry in the USA, marking the next stage in our continued drive to become the largest global materials testing services provider.




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