03 October 2017
03 October 2017
Hexcel has completed the acquisition of all of the shares of Structil, a French producer of high-performance composites to the aerospace, defence and industrial markets.
Structil is a joint venture between Safran Ceramics, a wholly owned subsidiary of Safran, and Mitsubishi Chemical. The company employs approximately 70 people at a production plant in Vert-lePetit, France, about 25 miles south of Paris. Structil's 2016 sales were approximately $21 million. The company’s product lines include prepregs, structural adhesives and pultruded profiles used in engine nacelles, aerospace interiors, military jets and more.
“We are pleased to complete the transaction and to welcome the Structil team to Hexcel," says Hexcel’s Chairman, CEO and President, Nick Stanage. "Together, we will strengthen our development capability and technologies for next-generation aerospace and industrial applications.”
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