Acquisition of TenCate Advanced Composites

15.03.2018 The manufacturer of technical textiles Royal Ten Cate BV, Almelo/Netherlands, has reached an agreement with the fiber and textiles producer Toray Industries Inc., Tokyo/Japan, on the acquisition of the producer of thermoset and thermoplastic prepregs TenCate Advanced Composites (TCAC).

Toray Ten Cate advanced composites_Pageheader
© Photo: Toray
Toray Ten Cate advanced composites_Pageheader

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.