ARX to acquire a majority stake in Brebeck Composite.

ARX, a private equity firm, agreed to acquire a majority stake in Brebeck Composite, a Czech headquartered manufacturer of composite products from carbon fiber. Financial terms were not disclosed. Both founders will retain a significant minority stake in the Company and Mr. Brebeck will continue to drive the further growth and development of the business. The company’s primary strategic focus will remain centered around servicing its blue-chip, anchor customers in the motorsport and automotive industries while also broadening its product offering to customers in the aerospace market.