NetComposites
Southern Manufacturing

METYX Composites Acquires LEDA and ACT Assets

07 August 2012

In June 2012, METYX Composites completed acquisition of all LEDA assets at the Mondavio, Italy facility, as well as some of the major assets of Advanced Composites Technology (ACT Group) also located in Mondavio, Italy.

According to METYX, the strategic acquisition of these new assets emphasises the importance of kitting operations in delivering comprehensive composites solutions to METYX Composites customers worldwide.

METYX says the LEDA facility in Mondavio was one of the leading kitting operations in Europe until the recession created a challenging economic environment throughout the continent. The LEDA facility was equipped with automated lines for foam and reinforcements kits. “We believe the LEDA machine park will complement our recent investment in METYX Composites Kitting Center in Manisa, Turkey by increasing our capacity and further diversifying our product and service offerings,” stated Ugur Ustunel, Co-Director, METYX Composites.

METYX explains that the ACT Group, established in 1996, was one of the pioneers in advanced composite structures. It was also among the first companies in Europe to use vacuum infusion technology in the production of large components like the hulls and decks of the high-performance 120-foot Pershing boats. ACT Group embarked on many innovative projects in marine and wind energy industries until the recent downturn in the marine industry in Italy.

“We have had a long history of cooperation with both LEDA and ACT management. Although we lament the economic factors that affected the marine industry in the region, we gladly welcomed the opportunity to bid on LEDA and ACT assets during the liquidation process so that we can expand on their ground-breaking work. Our engineers worked together with LEDA and ACT engineering teams to complete the transfer of their assets to our new facility in Manisa, Turkey,” explained Ustunel.

“We expect all new machinery and equipment will be up and running at our Manisa facility by Fall 2012,” projected Ustunel. “These are remarkable strides for our team as we continue to expand our business. The acquisition of ACT Group assets in particular will help us diversify our product offerings for the wind energy sector where we have devoted great energy and resources in recent years,” continued Ustunel.

“With these new acquisitions, we feel that we are poised more than ever to make a great impact on the wind energy sector and other industries as well. In the coming months, we will provide more information on new products and services, which will soon be available to METYX customers,” concluded Ustunel.





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