19 May 2015
19 May 2015
DSM Dyneema has finalised the acquisition of Cubic Tech Corporation, a privately owned company specialising in the custom design, development and production of innovative high performance ultra-lightweight flexible laminates and fabrics.
According to DSM, Cubic Tech is focused on high-end solutions in applications as diverse as racing yacht sails, equipment and apparel for sportswear, outdoor and future soldier programs as well as emergency medical equipment. It is not disclosing terms of the acquisition but says it reinforces the position of Dyneema as one of the leading brands of ultra high performance materials. It broadens DSM Dyneema’s product portfolio, provides it with downstream knowledge complementary to its own in the processing of UHMwPE fiber, tape and production of unidirectional (UD) fabrics, and enhances the company’s innovation pipeline.
DSM says the acquisition accelerates its entry into the performance apparel markets and will add important new revenue streams and developments in existing markets as well as creating access to several new applications. “The acquisition of Cubic Tech is an important part of our strategy to create, and bring to market, products and services that improve the quality of life while enabling our customers to operate their businesses more successfully,” says Gerard de Reuver, President of DSM Dyneema.
“We have worked closely with Cubic Tech as a valued customer for many years, so we know that the two companies have a shared passion for innovation. I believe Cubic Tech’s way of working, its solutions-oriented and tailored approach to developing products for its customers, is in the spirit of the DSM Dyneema philosophy ‘With you when it matters.”