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Thursday, July 7, 2022 | 12:18 pm
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Karman Space & Defense Acquires MG Resin Technology

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Karman Space & Defense Acquires MG Resin Technology

Karman Space & Defense (“Karman” or the “Company”) backed by Dallas-based private equity firm Trive Capital (“Trive”), has partnered with Cornerstone Research Group, Inc. (“CRG”) to acquire the MG Resin family of technologies. The acquisition of MG Resins represents a significant expansion of Karman’s core competencies in integrated composite systems for space & defense applications and creates a leading manufacturer in the carbon/carbon market.

The senior leadership team at CRG developed the patented MG family of resins to address the growing need for ultra-high temperature materials with higher char yields, improved processability, and reduced cycle times. CRG designed an innovative solution that will enable the production of best-in-class, high strength carbon-carbon parts at temperatures above 1200 °C.

The senior leadership team at CRG developed the patented MG family of resins to address the growing need for ultra-high temperature materials with higher char yields, improved processability, and reduced cycle times. CRG designed an innovative solution that will enable the production of best-in-class, high strength carbon-carbon parts at temperatures above 1200 °C.

“This is a big milestone for Karman,” said Tony Koblinksi, Chief Executive Officer of Karman. “CRG’s MG Resin systems will allow Karman to offer highly differentiated high-temp materials solutions to our customer base. The MG Resin carbon-carbon technology, along with other CRG-developed resin systems, will serve as the launch point for Karman’s broader move into advanced material sciences.”

“With this acquisition, Karman can now offer vertically integrated composite systems. We believe that adding leading up-front material science capabilities to our existing design, engineering and manufacturing competencies will further Karman’s mission to provide a single point of accountability, reduced lead times and higher quality to OEMs” commented David Stinnett, Partner at Trive Capital.

Monument Capital Partners advised Cornerstone Research Group. Haynes & Boone LLP served as legal counsel to Trive Capital.

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