Posted in | News | Business | Composites | Aerospace Materials

Nogales Invests in Composite Structure Supplier to Support Growth in Space Market

Jun 10 2010

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Nogales Investors, a Los Angeles-based private equity firm, announced today that it has made a $4.5 million follow-on investment in its portfolio company, DR Technologies (“DRT”). DRT is engaged in the design, engineering and manufacturing of complex composite structures for use in commercial, military and scientific satellites and next-generation space systems.

Luis Nogales, Managing Partner of Nogales Investors, said: “Our additional investment in DR Technologies will be used to support the Company’s robust growth in its core space market. Since our initial investment, DRT has experienced significant growth in its customer base and product offerings. Today, DRT is one of the leading independent suppliers of composite structures serving the space industry and possesses a leading technology position in next-generation space solar power.”

Source:

http://www.drtechnologies.com/

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