01 March 2011
01 March 2011
IDI Composites International has acquired Jet Moulding Compounds, a manufacturer of high-performance thermoset molding compounds.
Jet's compounds are used in a variety of markets, including electrical, automotive, military, and heavy equipment.
IDI Composites says that the acquisition makes them the largest supplier of high-performance thermoset moulding compounds in the world, and greatly enhances the company's manufacturing output.
Commenting on the acquisition, IDI Vice President & General Manager Tom Flood said, ""We are aggressively expanding our presence in the high-performance products market. This acquisition will speed that process, and will enhance our growing global customer base.""
Jet Moulding Compounds, Inc. will continue to operate as an independent entity of IDI Holdings, Inc. through 2011 in Ajax, Ontario. IDI will begin working with Jet Moulding Compounds immediately on a managed consolidation into their Noblesville, IN manufacturing facility.
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