Toray Industries, Inc. announced that it reached an agreement with Koninklijke Ten Cate B.V. to purchase the entire share of its subsidiary TenCate Advanced Composites Holding B.V., a Dutch carbon fiber composite material manufacturer.
The acquisition is expected to generate significant synergies by combining the product lineup in which TCAC specializes with the broad range of carbon fiber as well as polymer technologies, which are Toray's strengths.
Combining the two companies' distribution channels, the company can offer a wider product lineup to the customers.
Toray will respond swiftly to the expansion of the market for small-sized aircraft and expand the business further for industrial use applications including automobiles in the medium- to long-term.
-
-
14 March 2018
