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Spirit Aerosystems Takes Fiber Materials

Published: January 26th, 2020
Edgewater Capital exits Fiber Materials after carving out the company in 2016 from GrafTech International, a portfolio company of Brookfield Asset Management.

Spirit AeroSystems Holdings Inc. (SPR) plans to mention its “small acquisition” of private equity-backed Fiber Materials Inc. (FMI) in its earnings call on Feb. 7, a spokesperson for the commercial and defense aerospace components maker told The Deal.

The Wichita, Kan.-based company recently completed the purchase of Fiber Materials, which has been a portfolio company of  Edgewater Capital Partners LLC since 2016, the Spirit AeroSystems spokesperson said in a Tuesday, Jan. 14, email.

The Federal Trade Commission on Jan. 9 issued an early termination notice clearing the acquisition of Fiber Materials Inc. by Spirit AeroSystems of antitrust concerns, according to the FTC website.

Cleveland-based Edgewater Capital announced the completion of its acquisition of Fiber Materials in December 2016.

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