25 November 2005
25 November 2005
UK aerospace and automotive engineering group Hampson Industries is to acquire California-based Coast Composites, a manufacturer of tooling systems for composite structures, in a bid to benefit from the trend towards composite airframes.
In addition to acquiring Coast for $56 million, Hampson is to pay $25.2 million for California-based Lamsco West, a leading supplier of laminated shims and sheet materials to the aerospace industry. Both deals are expected to close in December.
The acquisitions bring the group access to “high-growth” programmes such as the Boeing 787, Lockheed Martin F-35 Joint Strike Fighter, Lockheed/Boeing F/A-22 Raptor and several next-generation unmanned air vehicles. They will “transform Hampson’s strategic presence in aerospace, notably in laminates and high- growth composites, which are increasingly replacing metals in current and next-generation aircraft manufacture”, says Kim Ward, Hampson chief executive.
Established in metal components and structures, Hampson began moving into composites with its $41 million acquisition in December last year of US transparencies and plastics specialist Texstars.
The Lamsco acquisition will make the company the dominant supplier of laminated shims for aerospace applications.
Solvay has signed a ten-year agreement for the supply of composites and adhesives to be used across Bell's military and commercial rotorcraft programmes, including the Bell 429, 407, 505, 525, V-22, and UH-1.
SGL Carbon and Fraunhofer IGCV have officially opened the Fibre Placement Centre (FPC) at SGL's site in Meitingen, Germany. Compositence, BA Composites and the Chair for Carbon Composites at the Technical University of Munich have also joined the alliance, and Coriolis Group and Cevotec are planning to come on board as partners.
Fibrelite reports that since the start of its partnership with Trenwa more than 100 precast trench systems integrating Fibrelite composite covers have been sold for use in electrical substations, wastewater treatment plants, chemical refineries and many other applications across North America.