Tiderock Companies Enters the Global Marketplace With Strategic Acquisition of GRP Alliance Limited
Tiderock Companies (OTC PINK:TDRK) has completed the acquisition of GRP Alliance , a UK company formed to acquire MTAG Composites 's assets. GRP Alliance, to be renamed Tiderock Composites, brings over two decades of experience in ISO 9001 accredited composite products. The acquisition terms include 1,300,000 Series C Convertible Preferred Shares and a $200,000 initial payment. The company will maintain operations at its Coningsby, Lincolnshire facility, serving aerospace, marine, rail, and entertainment markets. Customer orders are already being placed for 2025.
Tiderock Companies (OTC PINK:TDRK) ha completato l'acquisizione di GRP Alliance, una società del Regno Unito costituita per acquisire gli asset di MTAG Composites. GRP Alliance, che sarà rinominata Tiderock Composites, porta con sé oltre due decenni di esperienza in prodotti compositi accreditati ISO 9001. I termini dell'acquisizione includono 1.300.000 azioni privilegiate convertibili di Serie C e un pagamento iniziale di 200.000 dollari. La società manterrà le operazioni presso la sua struttura di Coningsby, nel Lincolnshire, servendo i mercati dell'aviazione, navale, ferroviario e dell'intrattenimento. Gli ordini dei clienti sono già stati effettuati per il 2025.
Tiderock Companies (OTC PINK:TDRK) ha completado la adquisición de GRP Alliance, una empresa del Reino Unido formada para adquirir los activos de MTAG Composites. GRP Alliance, que será renombrada como Tiderock Composites, aporta más de dos décadas de experiencia en productos compuestos acreditados por ISO 9001. Los términos de la adquisición incluyen 1.300.000 acciones preferentes convertibles de Serie C y un pago inicial de 200.000 dólares. La empresa mantendrá operaciones en su instalación en Coningsby, Lincolnshire, sirviendo a los mercados aeroespacial, marino, ferroviario y de entretenimiento. Ya se están haciendo pedidos de clientes para 2025.
타이더록 컴퍼니(Tiderock Companies) (OTC PINK:TDRK)는 GRP 얼라이언스(GRP Alliance)를 인수 완료했습니다. 이 회사는 MTAG 컴포지트(MTAG Composites)의 자산을 확보하기 위해 영국에 설립되었습니다. GRP 얼라이언스는 타이더록 컴포지트(Tiderock Composites)로 이름이 변경되며, ISO 9001 인증을 받은 복합재 제품에서 20년 이상의 경험을 가지고 있습니다. 인수 조건은 1,300,000 주식의 C 시리즈 전환 우선주와 200,000 달러의 초기 지급을 포함합니다. 이 회사는 링컨셔의 코닝스비(Coningsby) 시설에서 운영을 유지하며, 항공우주, 해양, 철도 및 엔터테인먼트 시장에 서비스를 제공합니다. 고객 주문은 이미 2025년을 위해 접수되고 있습니다.
Tiderock Companies (OTC PINK:TDRK) a finalisé l'acquisition de GRP Alliance, une entreprise britannique créée pour acquérir les actifs de MTAG Composites. GRP Alliance, qui sera renommée Tiderock Composites, apporte plus de deux décennies d'expérience dans des produits composites accrédités ISO 9001. Les termes de l'acquisition comprennent 1.300.000 actions préférentielles convertibles de série C et un paiement initial de 200.000 dollars. L'entreprise maintiendra ses opérations dans son installation à Coningsby, Lincolnshire, servant les marchés de l'aérospatiale, maritime, ferroviaire et du divertissement. Des commandes clients ont déjà été passées pour 2025.
Tiderock Companies (OTC PINK:TDRK) hat die Übernahme von GRP Alliance abgeschlossen, einem im Vereinigten Königreich gegründeten Unternehmen, das die Vermögenswerte von MTAG Composites erwerben sollte. GRP Alliance, das in Tiderock Composites umbenannt wird, bringt über zwei Jahrzehnte Erfahrung in ISO 9001 zertifizierten Verbundprodukten mit. Zu den Übernahmebedingungen gehören 1.300.000 wandelbare Vorzugsaktien der Serie C und eine Anzahlung von 200.000 Dollar. Das Unternehmen wird seine Betriebe in der Einrichtung in Coningsby, Lincolnshire, aufrechterhalten und die Märkte für Luft- und Raumfahrt, Marine, Schiene und Unterhaltung bedienen. Kundenbestellungen werden bereits für das Jahr 2025 platziert.
- Acquisition provides immediate entry into multiple global markets (aerospace, marine, rail, entertainment)
- Company maintains ISO 9001 accreditation
- Existing customer base already placing orders for 2025
- Operational facility with established workforce in Coningsby, UK
- Issuance of 1,300,000 Series C Convertible Preferred Shares may lead to dilution
- Acquisition requires $200,000 cash payment, impacting cash reserves
GRP Alliance Special Acquisition Company Provides Immediate Entry into the Aerospace, Marine, Rail and Entertainment Markets
BOSTON, MA / ACCESSWIRE / November 15, 2024 / Tiderock Companies, Inc. ("we", "our", or the "Company"), (OTC PINK:TDRK) is pleased to announce today it has completed the acquisition of GRP Alliance Limited, a Limited Company formed in the United Kingdom. GRP Alliance was formed for the specific purpose of acquiring the assets of MTAG Composites Limited out of Administration. MTAG was formed in 2002 and has been providing composites to global companies since its inception. GRP Alliance, to be renamed Tiderock Composites, has the benefit of a team with over two decades of experience providing quality, ISO 9001 accredited composite products to global companies.
In the coming weeks, GRP Alliance Limited will proudly rebrand as Tiderock Composites Limited, embarking on an exciting new chapter. Under the Tiderock Composites name, we will build on relationships that have been carefully cultivated over decades, with the advantage of streamlined operations, a healthy balance sheet, and a clear growth trajectory across multiple industries.
Our facility in Coningsby, Lincolnshire, UK, has long contributed to the local economy and community by providing stable employment and economic support. Tiderock is committed to retaining this facility and expanding our operations within the same industrial space, reinforcing our dedication to the area's prosperity.
The terms of this strategic agreement include the issuance of 1,300,000 Series C Convertible Preferred Shares and an initial down payment of
Throughout this transition, the composite company has remained operational, thanks to our team's dedication and commitment to serving our strategic clients. Many of our customers have already begun placing orders in anticipation of an exciting 2025. We are extremely optimistic about the future and our potential to surpass previous revenue milestones, bringing unprecedented success to Tiderock Composites and its stakeholders.
About Tiderock Companies, Inc.: Tiderock Companies is a diversified investment and advisory services company, infrastructure, and private equity. Tiderock Companies, Inc. (OTC Pink: TDRK) is headquartered in Boston, MA., and can be contacted at www.tiderockcompanies.com or by phone at (800) 791-8433.
About Tiderock Composites Limited: Acquired in 2024 and soon to be rebranded from GRP Alliance Limited, Tiderock Composites Limited specializes in the production of high-quality Phenolic, Epoxy, and Polyester Glass Fiber and Carbon Fiber reinforced plastic moldings. With a diverse product portfolio, Tiderock Composites proudly serves a range of industries, including aerospace, automotive, marine, rail, and construction, bringing innovation and excellence to each sector. www.tiderockcomposites.com
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
For more information:
Tiderock Companies, Inc.
711 Atlantic Avenue, Floor 6
Boston, MA 02111
info@tiderockcompanies.com
www.tiderockcompanies.com
Contact Information
Thomas Fore
Chief Executive Officer
info@tiderockco.com
(800) 791-8433
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SOURCE: Tiderock Companies Inc
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