Sitnasuak Subsidiary Acquires Camouflage Printing Company
An IED search training exercise by the US Army.
US Army licensed under CC BY 2.0
A subsidiary of the Alaska Native corporation for Nome is integrating its military uniform supply chain by acquiring a South Carolina company that prints camouflage fabric.
Vertical Acquisition
Sitnasuak Native Corporation’s defense contractor, SNC Technical Services, is one of the largest American producers of uniforms and related tactical gear for the US armed forces. Since 2017, its key supplier of government-authorized camouflage patterns has been Bennettsville Printing. Now SNC Technical Services is taking over Bennettsville Printing.
SNC Technical Services CEO Humberto Zacapa says, “We are excited about the acquisition of Bennettsville Printing. Our plan is to continue serving the industrial base as a successful independent supplier. Our corporate role will be to provide the means to improve services and expand to new products, always seeking for better lead times and exceptional quality.”
Bennettsville Printing has been in operation for more than twenty years, providing textile printing, dyeing, and finishing for military and civilian applications. The acquisition provides a renewal in the industrial base, and the company will continue to operate under the same name and business structure.
SNC Technical Services is a unit of Sitnasuak subsidiary Tactical Apparel & Services, with manufacturing operations in South Carolina and Puerto Rico and additional offices and distribution capabilities in North Carolina and Virginia. Its spinoff SNC Manufacturing also makes protective apparel and equipment for public safety agencies worldwide, including uniforms, flame-resistant battle fatigues, and duffle bags.
Korean Steel Supplier and Gas Buyer Signs Up for Alaska LNG
Glenfarne and POSCO finalized a strategic partnership to supply steel to build the Alaska LNG pipeline and a Heads of Agreement for the Korean manufacturer to buy gas.
Ketchikan Indian Community Launching First Tribal Wellness Center at Salmon Falls Resort
Ketchikan Indian Community acquired Salmon Falls Resort to convert from commercial tourism into the first residential substance abuse detox center in Southeast.
GCI Invests $12M in Cordova Telecom Subsea Cable to Southeast
GCI adds $12 million to Cordova Telecom Cooperative’s FISH in SEAK subsea fiber optic cable to Southeast, expected to deploy in 2027.
Also in this issue: building a company and planning an exit strategy; several ESOPs, and UAS’ foray into a new model for tuition. Enjoy!