Koninklijke Ten Cate NV : TenCate Advanced Composites completes acquisition of PMC Baycomp
(Thomson Reuters ONE) -
TenCate Advanced Composites has completed the acquisition of Performance
Materials Corporation Baycomp. The acquisition of PMC Baycomp provides TenCate
Advanced Composites a strong position for the growing industrial composites
markets worldwide, in particular the automotive market.
PMC Baycomp has industry leading technologies for thermoplastic composite
materials and components for among other automotive, oil & gas and consumer
electronics. These activities will be marketed from the new market group TenCate
Industrial Composites.
The market positions in thermoplastic composites of PMC Baycomp and TenCate are
fully complimentary. Under the proposed structure, TenCate will globally focus
its composites business into the space and aerospace markets, respectively the
industrial market, besides the composites solutions for ballistic protection of
persons and vehicles which TenCate Advanced Armour offers defence markets.
Thomas Smith - until recent President of PMC Baycomp - will be appointed
President of TenCate Industrial Composites USA and will remain responsible for
the operations in the USA (Camarillo, California), Canada (Burlington, Ontario),
China (Guangzhou) and Taiwan (Taichung).
TenCate Advanced Composites EMEA, headed by Group Director Frank Meurs, will
structure its organization similarly to capitalize on the automotive, oil & gas
and industrial market growth opportunities within the European and Middle East
regions within the new division TenCate Industrial Composites EMEA.
Scott Unger, Group President for TenCate Advanced Composites North America
states: 'The timing was ideal for the acquisition of PMC Baycomp as we see very
strong interest in thermoplastic composites within a variety of industrial
markets. Further, the components and design centers of PMC Baycomp in Asia
bring an important asset under the TenCate umbrella, which will be leveraged to
support within several key developing markets in that region of the world'.
Royal Ten Cate
Almelo, the Netherlands, Wednesday 23 May 2012
Press release in PDF:
http://hugin.info/130798/R/1614118/514141.pdf
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Source: Koninklijke Ten Cate NV via Thomson Reuters ONE
[HUG#1614118]
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 149176
Anzahl Zeichen: 2896
contact information:
Town:
Almelo
Kategorie:
Business News
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