Former Manufacturing Engineer, Sales Engineer and Investment Advisor at Goldman Sachs.
A resident of coastal New England for over 30 years, I plan to continue basing myself in this area but travel frequently and extensively.
Acquired A&M Engineered Composites (Marlboro, MA), a manufacturer of military aircraft parts, in 1976. Turned the company around and managed it for 10 years. Sold to BF Goodrich in 1986.
Acquired Fiberglass Industries (FGI) in Amsterdam, New York, in 1986. FGI had $7 million in sales and was in Chapter 11 when purchased. FGI melts sand and other minerals and makes glass fibers, similar to Owens Corning. Grew this company to a profitable $30 million in sales company employing 160 people. A 30-year overnight turn around!
Purchased the assets of AVCO (Lowell, MA) in December of 2001. AVCO is a Boron Fiber and Silicon Carbide fiber manufacturer formerly owned by Textron. These products are primarily used in the aircraft and defense industries. This is a profitable business with excellent technical personnel. Specialty Materials continued its growth ($30 million) in the materials technology sector.
Acquired Bee Fiberglass (Fall River, MA), which manufactured chemical tanks and pipe and had $2 million in sales when acquired in 1978. It lost money and was liquidated in 1986.
Specialty Materials generated enormous cash flows from a ceramic fiber that was used to make solar cells. This excess cash was invested in Fiberglass Industries to expand a newly acquired product line - Twintex and specialty S glass fiber formulations.
Twelve years later, both Fiberglass Industries and Specialty Materials have been devastated by Chinese competition (dumping). These industries, Composites and Solar Cells, were targeted and subsidized by the Chinese government.
Fiberglass Industries has been liquidated and I have sold my interest in Specialty Materials to my business partner.
I am currently seeking new business opportunities in the following sectors: military/aerospace, laboratory consumables, corporate training/trade schools, other, value-added manufacturing enterprises.