May 14, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah


Martin Plaehn

Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



Tex Tech Industries Acquires Chapman Innovations

Press Release

May 14, 2014

Salt Lake City – Tex Tech Industries, Inc., has acquired Chapman Innovations and Chapman Innovations’ flagship brand CarbonX. Chapman Innovations is a portfolio company of Banyan Ventures. Chapman will operate as a wholly owned subsidiary with the same team members and Salt Lake City location. All operational procedures will remain unchanged.

Tex Tech, a developer and manufacturer of engineered materials, is a ShoreView Industries portfolio company headquartered in Portland, Maine. ShoreView assisted Tex Tech in the acquisition of Chapman Innovations.

Chapman Innovations was founded in Salt Lake City, Utah, in 1998. The company develops, produces, and markets thermal fabric solutions under the brand CarbonX. Also based in Salt Lake City, Banyan assumed majority ownership and management control of Chapman Innovations in 2003, the same year that Banyan was founded. Chapman Innovations was one of Banyan’s first investments. Banyan recapitalized the company, established a new management team to support the company’s growth strategy, and helped develop and refine the company’s manufacturing, marketing, sales, distribution, and administrative processes.

“Chapman Innovations looks forward to being a part of the Tex Tech family of companies,” said Tyler Thatcher, president of Chapman Innovations and a Banyan Ventures managing director. “Tex Tech’s global distribution platform and sophisticated in-house engineering, testing, and manufacturing capabilities will enable Chapman Innovations to bring new products to the market more quickly.”

Utah Business Social
UB Events View All
Best Companies to Work For 2015Utah Business Event
Dec 10, 2015
Utah Business magazine is thrilled to announce the 2015 Best Companies to Work for Event! This y...
Community Events View All
Empowering Self and Others: Become and Awakener
Dec 1, 2015
Uncover the secrets of empowerment. Whether you are a parent, a teacher or a Coach, you’ll find ...
Secrets to Financing your Business
Dec 1, 2015
Register:  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
* Event Description: