FORT WORTH, Texas--(BUSINESS WIRE)--Novaria Group, a leading manufacturer of specialty hardware, components and coatings for the aerospace and defense industries, has acquired substantially all assets of Hohman Plating, an industry-leading finishing and coatings business serving the worldwide aerospace and defense market. This acquisition marks the fifth transaction in the past 12 months as Novaria continues to grow its robust family of aerospace and defense capabilities.
Established in 1918, Hohman Plating provides metal finishing and coating services to a broad base of industries, including aerospace, medical, defense, electronics and others. It is recognized as one of the top shops of metal finishing in North America and worldwide. Hohman Plating will continue to be based in Dayton, Ohio.
The Hohman Plating acquisition is another instrumental step forward in the expansive growth of Novaria’s suite of aerospace components and proprietary coating solutions.
“We are thrilled to have Hohman as a valued resource and partner as we continue to expand our operations,” Novaria CEO Bryan Perkins said. “The impressive approvals in metal finishing and proprietary coating options Hohman provides are unmatched in the industry and are fundamental to the customers we serve.”
“Hohman Plating’s capabilities further enhance our position in the aerospace and defense market,” Novaria Chief Financial Officer Justin Tucker said. “We look forward to reinforcing our strength as a valued partner that provides quality services and a diverse set of products to our customers.”
Bill Miller, owner of Hohman Plating, will be joining Novaria’s board of directors.
“Bill Miler’s 50 years of unique coating and processing expertise extend Novaria’s current knowledge base. We couldn’t be happier to have a veteran industry expert with decades of middle-market Tier 3 supply chain leadership experience join Novaria’s board,” Perkins said.
“Our strength in the markets we serve, and the family nature of our business, makes us a perfect fit for the Novaria business model,” Miller said. “Hohman Plating is one of the best finishing operations in the industry. This partnership is the right strategic step in continuing the growth of both operations.”
Terms of the deal were not disclosed.
About Novaria Group
Novaria Group is a privately held business focused on fastener, precision component and service companies that deliver optimum performance and sustainable growth within the aerospace and defense marketplace. For more information on Novaria’s business units, please visit www.novariagroup.com.