Highlander Partners L.P., a private investment firm based in Dallas, has completed the sale of the Composites Group (TCG) to Citadel Plastics Holdings Inc.
TCG has been a Highlander investment since June 2008.
“We have enjoyed the collaborative relationship with Highlander, and its support was critical for the organization,” says Composites Group CEO Terry Morgan. “It is exciting to see the progress that the company has achieved over the last six years, and I have a strong conviction that, spurred by the industry trends, TCG will continue its momentum in the foreseeable future. We have created a vibrant company with exciting composite technologies, and combining forces with Citadel will provide both companies with new growth prospects and opportunities.”