Hexagon Lincoln Inc., a subsidiary of Hexagon Composites that focuses on the development of storage vessels for compressed natural gas, propane autogas, hydrogen and other gases, has completed its acquisition of Maryland-based MasterWorks Machining, MasterWorks Composite Solutions and Helman Tensioners.
These sister companies offer design and manufacturing products and services for the composites industry, and the acquisition enables Hexagon Lincoln to further develop various technologies and pursue further market expansion. The transaction value is approximately $1.7 million.
The business will operate under a newly formed entity, MasterWorks Inc., as a wholly owned subsidiary of Hexagon Lincoln.
