Koninklijke Ten Cate NV : TenCate acquires Amber Composites Ltd in England
TenCate has reached an agreement on the acquisition of Amber Composites, a UK-
based manufacturer of thermoset composites for the industrial and automotive
market. No financial details will be communicated regarding this transaction.
The major portion of the global composite market consists of thermoset
materials. The activities of TenCate in this market are mainly focused on
aerospace, space and radome applications and within TenCate Advanced Composites
concentrated in the United States of America. The acquisition of Amber
Composites will help accelerate activities in the European market in the field
of thermoset composite materials.
TenCate composites activities originate in the Netherlands, where more than 20
years ago TenCate began the development of thermoplastic composites for the
aviation industry under the brand name TenCate CetexÂ®. TenCate is market leader
with this activity. The main advantages of thermoplastic composites are their
lower process costs and faster processing time in the production of components.
As a result of the acquisition of Amber Composites, TenCate increases its
presence in the market for industrial and automotive composites, tooling
materials and in the aerospace market in Europe, with both thermoset and
thermoplastic composites. Thermoset composites are used as an alternative for
those applications that can not be met by thermoplastic composites. This creates
a one stop shop for customers of TenCate Advanced Composites.
Synergy with TenCate Advanced Composites
TenCate Advanced Composites in both the United States of America and Europe will
profit from the acquisition of Amber Composites, which will produce a stronger
and more balanced product portfolio. It will also ensure entry into new markets,
both in the USA and in Europe.
TenCate recently announced its alliance with BASF for thermoplastic composites
for the automotive market, as well as with 3M for the US tooling market aimed at
expansion of its market potential for thermoset composites. Tooling composites
is one of the strengths of Amber Composites. The recent acquisition of PMC
Baycomp in the US and the current acquisition of Amber Composites support the
company's expansion into new markets.
Royal Ten Cate
Almelo, Wednesday January 16, 2013
Note for the editor:
F.R. Spaan, Corporate Director, Business Development & Investor Relations
TelephoneÂ Â Â Â Â : +31 546 544 977
MobileÂ Â Â Â Â Â Â Â Â Â Â Â : +31 612 961 724
E-mailÂ Â Â Â Â Â Â Â Â Â : firstname.lastname@example.org
Internet Â Â Â Â Â Â Â : www.tencate.com
TenCate Advanced Composites is a leader in the development and production of
thermoplastic and thermoset prepreg composites for various industries. Its
product portfolio is incorporated into automotive products, medical equipment
and numerous other applications. TenCate Advanced Composites has production
facilities and operations in North America, Europe and Asia.
Amber Composites is a manufacturer of composite materials for high-performance,
lightweight structures. Amber Composites provides materials and technical
expertise to a diverse set of industries including motorsport, automotive,
aerospace, communications, marine and wind energy. www.ambercomposites.com
Royal Ten Cate (TenCate) is a multinational company that combines textile
technology with related chemical processes and material technology in the
development and production of functional materials with distinctive
characteristics. TenCate products are sold worldwide.
Systems and materials from TenCate come under four areas of application: safety
& protection, space & aerospace, infrastructure & the environment, and sport &
recreation. TenCate occupies leading positions in protective fabrics, composites
for space and aerospace, anti-ballistics, geosynthetics and synthetic turf.
TenCate is listed on the NYSE Euronext (AMX).
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Source: Koninklijke Ten Cate NV via Thomson Reuters ONE