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CORNERSTONE ACQUIRES INTEC FROM LMI AEROSPACE

FOR IMMEDIATE RELEASE

July 1, 2021

EVERETT, WA – On July 1, 2021, Cornerstone Capital Holdings (“Cornerstone”) acquired Integrated Technologies, Inc. (“Intec”) from LMI Aerospace, Inc., a division of Sonaca Group.

Since 1989, Intec has been providing critical manufacturing and testing services for composite and thermoplastic products for its blue chip aerospace, defense and space customer base.  The company partners with its customers to provide both non-destructive as well as destructive testing to qualify new, non-metallic materials and components for use in demanding applications.  In addition, Intec maintains significant manufacturing and assembly capabilities to build final composite parts and assemblies to support full rate production.  Intec will complement Cornerstone’s other portfolio companies to offer customers complete metallic and composite solutions for airframe, engine and spacecraft manufacturing.

The acquisition of Intec also fits Cornerstone’s strategy to grow via acquisition of divisions of public and private corporations.  With this purchase, Cornerstone now operates from eight locations in North America.