With this transaction, Composites One says that it will be able to offer its services to more customers in the U.S. and now, across all of Canada. Serving the entire composites marketplace including custom fabrication, marine, transportation, and aerospace markets, Composites One adds that it will now be in a better position to expand the services it provides to composites manufacturers.

"We are looking forward to combining the talent and experience of both organisations and creating an even stronger platform to service all customers who produce products using traditional and advanced composite products. We will continue to work diligently to position ourselves as the supplier of choice to help our customers become more successful," commented Leon Garoufalis, President and COO of Composites One.

This transaction is expected to close on or about July 1, 2014.