OUR AIRBAG MATERIAL BECAME THE FIRST MAN-MADE MATERIAL TO EVER TOUCH THE SURFACE OF MARS ON JULY 4, 1997
OUR NEWEST COATING LINE
BRADFORD INDUSTRIES ACQUIRED
Wembly’s second acquisition in the coatings market
Lowell, MA (November 18, 2016) The family investing team of Wembly Enterprises, led by Sunil and Jay Kumar, has acquired Bradford Industries, Inc., a Lowell, Massachusetts-‐based producer of coated fabrics & textiles. Terms of the sale were not disclosed.
Bradford produces coated fabrics and synthetic leathers for the automotive industry as well as other consumer and industrial markets. “Bradford has tremendous assets– in manufacturing, technology and, of course, in people.” said Sunil Kumar. “We are pleased to welcome Bradford’s employees to the Wembly family and we are thrilled to add another producer of coated products to our company.”
Kumar is the past President and CEO of International Specialty Products (ISP) and of GAF Materials Corporation and he has led Wembly Enterprises through several successful acquisitions. Jay Kumar, President of Wembly-owned Universal Plastics & Mayfield Plastics will serve as CEO of Bradford. Stephen Olsen, a Wembly Principle and co-investor in the Bradford business, will join Bradford as President.
Dick Satin, the retiring President of Bradford, said, “We’re proud of the business that we’ve built at Bradford and we see a great future for our people with the Wembly organization. The business is poised for growth and we think we’ve found the right buyer to help us in realizing the company’s potential.”
The Capital Corporation, (www.thecapitalcorp.com), based in Greenville, SC, served as the exclusive advisor to Bradford Industries on the transaction.
About Bradford Industries
Bradford Industries is a leading manufacturer of coated fabrics for the airbag and airbag curtain markets. Bradford produces synthetic leathers for the automotive, RV, trucking, marine, contract furniture and fashion markets. Bradford produces coated fabrics and textiles for a number of other industrial and specialty applications, including for the military and sporting goods markets.
Wembly Enterprises is the family investment firm founded by Sunil Kumar. Wembly takes majority ownership positions in companies with specialized expertise in manufacturing and holds these companies for long-‐term growth. Established in 2012, Wembly already holds a number of portfolio companies and is actively seeking new investment opportunities. Wembly acquired Shawsheen Rubber Company, an Andover, MA producer of adhesive-coated products, in 2015.
Demand for our existing product line spurred us to develop the King Kong Coating Line, in production since 2001.
To ensure that our supply meets industry demand, we designed our new production equipment to significantly surpass the running speeds of existing technology. The King Kong line provides width capabilities of over 100 inches, coating flexibility of unparalleled limits and precision heretofore unavailable in this type of equipment. In addition, the coating line is 365 feet long, has 5 coating stations in line and is entirely computer controlled for maximum efficiency, to deliver a cost-efficient solution to the increasing demands for safety in the automobile industry.
In full production, the environmentally safe King Kong line is the only equipment of its kind in the entire coating industry in North America. So if you need to perform for your customers by delivering high volumes of product, the materials produced on the King Kong line are the only way to go. King Kong coats both sides of a textile in one pass through the equipment, made possible by a unique “flip the web” station on the machine.
BRADFORD INSTALLED NEW EMISSIONS CONTROL SYSTEM
In 2001, Bradford installed an ABB Regenerative Thermal Oxidizer to control emissions from our then new King Kong Coating Line. This ABB system joined our existing Huntington Energy Systems Regenerative Oxidizer to eliminate VOC emissions, leaving the air clean and devoid of harmful environmental waste.
BRADFORD’S MATERIAL CHOSEN FOR PATHFINDER MISSION TO MARS
The extent of our expertise in the development of airbag materials resonated throughout the world when Bradford’s coating was deemed by NASA to be the most advanced means of cushioning the shock of the Pathfinder’s 60 MPH landing on the rocky surface of Mars. As a result, our product became the first man made material to ever touch the surface of Mars on July 4, 1997.