Acquisition of TenCate Advanced Composites
The combination of TCAC and Toray brings together complementary product offerings in high-performance composites serving the aerospace, space and communications and high-performance industrial markets. It will enhance new product development and R&D capabilities and reinforce and expand relationships with customers.
Both companies have agreed to jointly develop an integration plan to support the envisaged growth plans. Toray expects to retain key management of TCAC following completion of the transaction and respects the existing rights and benefits of the employees of the TCAC group.