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Chomarat Acquires Remaining Interest in Techfab from Hexcel

08 January 2007

Hexcel has sold its 50 percent interest in joint venture company TechFab to Chomarat, although TechFab will retain its name and organizational structure

“This is an extremely good outcome for our people and for the company,” commented Bruce Hinton, Vice President and General Manager, TechFab. “We have had a long and successful history with Chomarat since the joint ventures inception in 1984. We are excited about the bright future we can create together.”

John Carson, TechFab, Director of Commercial Development noted that, “Chomarat has been a composite industry pioneer and innovative products manufacturer for many years. The acquisition of TechFab furthers their strategy to create a strong global technology driven company.

TechFab manufactures adhesive bonded nonwoven scrims, scrim composites, carbon fibre C-GRID and MeC-GRID structural grids using polyester, fibreglass and other high performance fibres. Examples of applications for the company’s products include cement and concrete reinforcement, roofing systems, high performance sailcloth and infrastructure repair and rehabilitation.