The Windquest Group, a West Michigan-based private investment group has made an investment in Energetx Composites of Holland, Michigan. Details of the transaction were not disclosed. The proceeds of the investment will be used to continue the scale-up of Energetx Composites’ manufacturing equipment for the production of utility-scale wind turbine blades, among other purposes.
Windquest has been investing in the clean technology sector over the past several years in companies that are focused on the generation of renewable energy and developing technologies advancing energy efficiency. Windquest will be a financial partner as well as joining the Energetx Board of Directors.
“We are pleased to be working together with Energetx Composites,” says Dick DeVos, President of Windquest. “The members of the Energetx team have a history in developing and manufacturing advanced composite products. We are looking forward to helping them continue to grow this business and meet the increasing demands for composite products across a variety of industries; including wind energy, transportation, aerospace, as well as others.”
Kelly Slikkers, Vice President of Business Development Energetx Composites adds, “Energetx is honored to now have The Windquest Group as a part of our organization. Windquest brings business and management experience. We look forward to working with them.”
Energetx recently announced its Manufacturing Master Supply Agreement with Aeroblade of Victoria Spain, through which the company will become Aeroblade’s North American manufacturing partner, supplying utility scale wind turbine blades throughout the United States and Canada. In addition, Energetx was recently awarded a “Reinventing Michigan” award by Governor Rick Snyder. At a ceremony at the company’s manufacturing plant in Holland last month, the Governor praised the entrepreneurial spirit of Energetx and recognized the company leadership for contributing to the reinvention of the State of Michigan.
Energetx Composites is headquartered in Holland, Michigan. The company offers manufacturing solutions for composite fabrication including engineering, design, tooling, process development, technology and manufacturing assembly.
Energetx Composites www.energetxcomposites.com
Filed Under: Components