Composites World / NetComposites

Connecting you to the composites industry

Advertisement

NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including netcomposites.com, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to netcomposites@gardnerweb.com.

For further details see our joint press release.

Alcan Completes $35 Million Acquisition of Baltek

  • Thursday, 3rd July 2003
  • 0 comments
  • Reading time: less than a minute

More in Aerospace

Alvant Recognised at BEEA Awards

  • 21st October 2019

Greene Tweed Launches Fusion 665

  • 16th October 2019

Evonik Adds to the TROGAMID(r) Product Group

  • 15th October 2019

Alcan has completed the acquisition of Baltek, which makes specialized lightweight materials for the aerospace and transportation industries.

The Montreal-based aluminum company said on Tuesday the $35 million US deal closed following approval of Baltek shareholders. The acquired U.S.-based company will be named Alcan Baltek Corp. and will become part of Alcan’s composite materials division.

“”The composites business is a key part of our engineered products group with attractive opportunities in growing markets,”” Alcan president and CEO Travis Engen said in a release. “”The successful completion of this transaction enables Alcan to offer a wide range of composite technologies to our customers and to be a one-stop source for composite solutions.””

Baltek is a leading supplier of balsa-based structural core materials and should fit with Alcan’s existing composites business, which makes structural foam and other products. With the latest acquisition, Alcan’s composites business now includes nine companies with revenues of $410 million US and 2,100 employees in Europe, North and South America and southeast Asia.


For more information visit:


Share this article


Categories


More News


Comments (0)

Leave your comment