Looking for our consultancy, conferencing, training or innovation services? Visit netcompositesenterprise.com

NetComposites Now
Airtech

Hexcel Acquires Remaining Interest in Formax UK Joint Venture

05 January 2016

Hexcel Corporation has acquired full ownership of Formax UK, having previously acquired a 50% interest in the privately-owned company in December 2014.

Located in Leicester, UK, Formax specialises in the production of lightweight carbon fibre multi-axials and highly engineered glass fibre and aramid fibre fabrics.

The purchase of the remaining interest in Formax will allow Hexcel the opportunity to advance dry reinforcements technology for future aerospace applications and provide scale for growing industrial markets.

Hexcel’s Chairman, CEO and President, Nick Stanage, stated, “Our joint venture has demonstrated how well Formax technologies and products complement our product line and will help us grow our aerospace and industrial businesses. We believe that fully integrating the Formax operations into Hexcel will enable us to accelerate the synergies between our operations and enhance our abilities to provide innovative solutions to our customers. We welcome Formax to our company, and we’re looking forward to a successful future together.”

 






comments powered by Disqus

Related / You might like...

Record Breaking Figures for JEC World 2017

JEC WORLD 2017 closed its doors on Thursday 16 March 2017 with a 2-digit attendance growth (+10%).

H-Prec, Pond and 3D Fortify Win JEC Group Startup Booster Competition

Additive manufacturing, biomaterials and disruptive technology on Pre-Preg are the 3 innovations presented by these 3 winners from France, Ireland and the US.

Applied Graphene Materials Host Ministerial Visit

On 2 March 2017, Lord Prior of Brampton visited Applied Graphene Materials (AGM) for an introduction to graphene and the science behind it.