06 August 2007
06 August 2007
TenCate’s Aerospace and Armour Composites group is in the final stages of acquiring the composite company Phoenixx TPC Inc.
TenCate is active in aerospace and armour composites, is a supplier of materials to Airbus, Boeing, Embraer, Cirrus and others and has strength in the field of thermoplastic composites such as Cetex. Phoenixx TPC has expertise in unidirectional (UD) thermoplastic composites and has developed applications in sectors such as aerospace, and oil and gas exploration. The company was founded in 1998 and acquired Phillips Petroleum thermoplastic composite processing technology in 2001.
UD technology is complementary to TenCate’s current Cetex technology base and Tencate say that it will speed up the growth of the applications for their materials in future composites-driven aerospace programs. Phoenixx has an experienced management team and all key personnel from Phoenixx will remain with the company.
Loek de Vries, CEO of TenCate, stated: “This acquisition fits well into our present product / market/ technology position of the composites activities of TenCate. Phoenixx unidirectional (UD) technology will strengthen worldwide the TenCate Cetex thermoplastic composites product line. For our aerospace business especially it represents an important factor for enhancing TenCate’s growth in this industry.”
David Park, (CEO of Phoenixx commented: “The acquisition by TenCate provides increased growth potential for our technology base. Besides aerospace this technology can create other interesting market opportunities through the global presence of TenCate. We believe our customers will benefit significantly from the added assurance and expertise that TenCate represents.”
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