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This site is no longer being updated.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.

Textron Sells Composite Material Products Business

  • Thursday, 20th December 2001
  • 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

METSTRADE Round Table has Marine Focus

  • 15th October 2019

Textron Inc. has sold its Composite Material Products business, a unit of Textron Systems, to Specialty Materials, Inc., a subsidiary of Fiber Glass Industries of Amsterdam, New York.

Composite Material Products (CMP) develops, manufactures and markets engineered materials such as continuous boron and silicon carbide filaments to the aerospace, defense, industrial and sports markets. Terms of the transaction were not disclosed. This sale is part of Textron’s strategy to gradually divest a number of non-core assets to create a simpler, more focused network of strong businesses in attractive industries. Other recent divestitures include Textron’s carbon products, fuel control and fuel delivery systems businesses, as well as its turbine engine components line.

CMP is based in Lowell, MA and employs 28 people. The company’s 2000 annual revenues were approximately $6.4 million. Specialty Materials, Inc. will also be located in Lowell, MA.


For more information visit:


Share this article


Categories


More News


Comments (0)

Leave your comment