Precision Products Group Acquires Monadnock Non-Wovens to Expand Engineered Textiles Portfolio
Precision Products Group (PPG), a portfolio company of Auxo Investment Partners, has acquired Monadnock Non-Wovens LLC (MNW), a manufacturer based in Mount Pocono, Pennsylvania. MNW specializes in meltblown nonwoven materials used for filtration, acoustic applications, and industrial uses. The acquisition enhances PPG's Engineered Textiles division by adding specialty products to its existing range of paper, tubing, and woven goods. Monadnock Non-Wovens has been family-owned since its founding over 25 years ago and is known for in-house equipment design and custom solutions tailored to customer needs. The company will continue operating under the Monadcock brand within PPG's portfolio while maintaining leadership from current President James Cree. PPG aims to leverage its capital, operations expertise, and engineering capabilities to further develop MNW’s offerings. PPG CEO Tom Moore emphasized that this acquisition aligns with their strategy of acquiring technically focused businesses where they can drive growth through investment in equipment and process improvements.
