11 June 2010
11 June 2010
Advanced Composites Group is to sell the business and assets of its South African based subsidiary, Advanced Composites Group SA (ACGSA) to AAT Composites.
AAT Composites are paying ZAR5.4 million (£0.5 million) for the business and assets, subject to adjustment for working capital balances at completion.
ACG acquired ACGSA in June 2006, its principal business being the supply of parts, manufactured from composite material supplied by ACG, to McLaren Automotive for the McLaren Mercedes SLR super car. Production of this car has now ceased and the strategic rationale for retaining the business has diminished.
Completion is expected to occur on or before 30 June 2010 and is subject to various conditions being satisfied.
The Lightweight Technologies Forum will take place in parallel to Composites Europe, on 6-8 November 2018 in Stuttgart, Germany.
Tecniplas will exhibit FRP tanks suitable for contact with drinking water at the Fispal Tecnologia food and drink trade fair in São Paulo, Brazil, on 26-28 June.
The American Composites Manufacturers Association (ACMA) has unveiled the winners of this year’s Composites Design Challenge, a design competition that encourages college architecture students to find innovative ways to integrate composite constructions into architectural production.