Acquisition of Benet Automotive complete


© Photo: Teijin
The producer of advanced fibers and composites, Teijin Ltd., Tokyo/Japan, has completed the acquisition of Benet Automotive s.r.o., Mlada Boleslav/Czech Republic, a leading automotive composite and component supplier in the Czech Republic, from Jet Investment, a.s., Brno/Czech Republic. The acquisition was completed on August 30, 2019.
Teijin will benefit from Benet’s automotive composite technologies and its well-proven supply record; these will serve as a solid foundation on which to further strengthen its solution development capabilities as a component supply partner of automotive OEM customers in Europe. Teijin will leverage Benet’s involvement in existing development projects with material and molding technologies, and technical team members of Teijin, Continental Structural Plastics Inc., Auburn Hills, MI/USA, a leader in automotive composites based in North America which Teijin acquired in 2017, and Inapal Plásticos SA, Leça do Balio/Portugal a leading automotive-composite supplier which Teijin acquired in 2018.