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This site is no longer being updated.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.

ZCL Composites Inc. Acquires Parabeam

  • Thursday, 3rd October 2002
  • 0 comments
  • Reading time: less than a minute

ZCL Composites Inc has completed the acquisition of Parabeam Industries B.V from Gamma Holding N.V. in the Netherlands.

The purchase price was approximately $675,000 paid on closing. Gamma Holding N.V., a public company listed on the Amsterdam Stock Exchange, is a high-tech textile-based manufacturer.

Parabeam manufactures a three-dimensional glass fabric, also known as Parabeam, which is used by ZCL in the manufacture of double wall tanks and tank lining products. Parabeam operates from facilities in Helmond, Netherlands, and has 9 employees.

“”While Parabeam did not meet the strategic objectives of Gamma Holding, the fabric is a key component of our products,”” said Ven Côté, President & CEO of ZCL. “”This acquisition will ensure the supply of this raw material as we move forward with the expansion of our tank manufacturing and lining operations. It will also serve as a beachhead in Europe.””


For more information visit:


Share this article


More News


Comments (0)

Leave your comment