29 August 2017
29 August 2017
Creative Pultrusions (CPI), Alum Bank, Pennsylvania, US, has acquired cooling tower manufacturer Tower Tech (TT).
TT's cooling towers are designed to be easy to install, provide ultra-low operating costs, exhibit excellent maintenance and safety characteristics, and maintain a long service life. To date, the company has sold more than 2,500 factory assembled modular cooling towers.
CPI has manufactured custom glass fibre reinforced polymer (FRP) cooling tower profiles for TT for 20 years. The acquisition will position CPI and TT to increase market share and revenue.
“We are excited to announce this acquisition and look forward to incorporating the Tower Tech product line offerings into our composite product family," states Shane E. Weyant, CEO/President of CPI. "TT products and manufacturing are a perfect fit for CPI’s strategic focus and growth moving forward with our global composite group."
TT will become a division under CPI, a subsidiary of Hill & Smith Holdings.
Continental Structural Plastics (CSP) will install a sheet moulding compound (SMC) production line at its facility in Pouance, France, to support the need for its composite formulations in Europe.
Solvay has celebrated the groundbreaking of its Greenville, Texas, US, manufacturing footprint expansion that increases the site’s resin mixing capacity to meet the growing needs of commercial and military aerospace composite customers.
Covestro is pushing ahead with developing and marketing its continuous fibre reinforced thermoplastic (CFRTP) composites by introducing Maezio as brand name.