NetComposites
Advanced Engineering 2018

Composites One Signs Agreement with Nexeo Solutions

10 June 2014

Composites One has signed a purchase agreement to acquire essential composites distribution assets from Nexeo Solutions, and the Nexeo Solutions dedicated composites distribution employees will join Composites One.

With this transaction, Composites One says it will be able to offer its extensive product line, unmatched technical support, dependable service and delivery to more customers in the US and now, across all of Canada.  Serving the entire composites marketplace including custom fabrication, marine, transportation, and aerospace markets, Composites One will now be in a better position to expand the innovative and unique services it provides to composites manufacturers.   

"We are looking forward to combining the talent and experience of both organisations and creating an even stronger platform to service all customers who produce products using traditional and advanced composite products.  We will continue to work diligently to position ourselves as the supplier of choice to help our customers become more successful," commented Leon Garoufalis, President and COO of Composites One.

"This divestiture reflects Nexeo Solutions strategic direction and fuels our multi-year transformation and commitment to expand our presence in key end markets and differentiate ourselves in the marketplace,” according to President and CEO David Bradley.  “I believe the business and its employees will thrive as part of an organisation targeting growth within the composites industry."

Composites One expects this transaction to close on or about July 1, 2014.






Related / You might like...

Alvant Supports £28m Safran-Led Aircraft Landing Gear Project

Alvant has been appointed to work on a two-year, £28 million project titled Large Landing Gear of the Future, which aims to deliver a 30% weight reduction and assist the aerospace industry’s drive to reduce fuel consumption and carbon emissions.

3D Printed Drone Prototype Wins Red Dot 2018 Design Award

Hexadrone’s 3D printed Tundra prototype, manufactured by CRP Technology via laser sintering (LS) technology using Windform SP and Windform XT 2.0 carbon composite materials, has won the Red Dot Award 2018 in the drone category.

Norco Composites Invests in New Equipment

UK company Norco Composites has invested in a larger spray booth and a new cutting and kitting machine to enable the company to increase productivity in line with growing demand from its marine customers.