NetComposites
Attwater

Hexcel Acquires Remaining Interest in Formax UK Joint Venture

05 January 2016

Hexcel Corporation has acquired full ownership of Formax UK, having previously acquired a 50% interest in the privately-owned company in December 2014.

Located in Leicester, UK, Formax specialises in the production of lightweight carbon fibre multi-axials and highly engineered glass fibre and aramid fibre fabrics.

The purchase of the remaining interest in Formax will allow Hexcel the opportunity to advance dry reinforcements technology for future aerospace applications and provide scale for growing industrial markets.

Hexcel’s Chairman, CEO and President, Nick Stanage, stated, “Our joint venture has demonstrated how well Formax technologies and products complement our product line and will help us grow our aerospace and industrial businesses. We believe that fully integrating the Formax operations into Hexcel will enable us to accelerate the synergies between our operations and enhance our abilities to provide innovative solutions to our customers. We welcome Formax to our company, and we’re looking forward to a successful future together.”

 






Related / You might like...

LANXESS Strengthens R&D for Aqueous Polyurethane Dispersions

LANXESS will open a new applications development and technical services (AD & TS) laboratory for polyurethane dispersions (PUDs) in Latina, Italy. This will be capable of supporting market needs in a variety of coatings and adhesives applications in leather and textile finishing, plastic, glass and metal substrates coatings, as well as glass fibre sizing. 

CGTech Expands Partnership with Siemens PLM Software to Deliver Teamcenter Integration

CGTech now offers a connection with Siemens' Teamcenter software as part of its toolpath simulation software VERICUT.

TCS and Microtex Announce Supply Agreement for Americas

Total Composite Solutions (TCS) and Microtex Composites have extended their existing exclusive UK and Ireland agreement into the Americas. TCS will initially offer Microtex prepreg systems into this market, followed by its weaving product range.