Industrial Dielectrics Holdings, Inc. announces sale of Norplex-Micarta

Noblesville, Indiana: (November 1, 2024) Industrial Dielectrics Holdings, Inc. (IDH) announced the sale of one of its subsidiary companies, Norplex-Micarta, to Hidden Harbor Capital Partners. The sale includes the Postville, Iowa and Changzhou, China manufacturing operations.

Norplex-Micarta has been an important part of the IDH family of businesses for nearly 30 years, first with the acquisition of Norplex in 1996 and then with the addition of Micarta in 2003. Throughout those years, Norplex-Micarta has proven its industry leadership in the thermoset composite laminate and tube market.

“We’re very proud of the accomplishments of Norplex-Micarta and it has been fun to be part of their rich history. With their deep commitment to customers and the industry, and with their talented and committed leadership team, we’re excited to see their continued growth with Hidden Harbor,” says Tom Merrell, CEO of Industrial Dielectrics Holdings, Inc.

Today’s announcement allows IDH to focus its strategy on its thermoset molding compound business, IDI Composites International, and its advanced materials business, Montana Advanced Composites, both of which are committed to long-term market development and delivering meaningful results.

About Industrial Dielectrics Holdings, Inc.
Industrial Dielectrics Holdings, Inc. (IDH) is the parent company to IDI Composites International and Montana Advanced Composites.

IDI Composites International (IDI) is the premier global formulator and manufacturer of thermoset molding composites and compounds for OEMs, Tier 1 suppliers, and molders. With 58 years of industry experience, IDI provides both standardized and customized polyester/vinyl ester-based SMC and BMC.

Montana Advanced Composites (MAC) develops and manufactures hot-melt composite prepregs and laminates that help customers solve design, part, or process challenges. Located outside of Bozeman, Montana, MAC is privately held and 100% US-owned and operated. For more information, visit www.MontanaComposites.com.