TenCate to launch next generation of composite materials at JEC World 2017
Composites
TenCate acquires UK composites manufacturer
Netherlands headquartered TenCate has reached an agreement to acquire Nottinghamshire based Amber Composites, a UK-based manufacturer of thermoset composites for industrial and automotive markets. No financial details have been released.
16th January 2013
Innovation in Textiles
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Almelo
The major portion of the global composites market consists of thermoset materials and TenCate’s activities in this market focus mainly 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.
Strategically complementary
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 Cetex. TenCate is a market leader with this activity and the main advantages of thermoplastic composites are their lower processing costs and faster processing time in the production of components.
As a result of the acquisition of Amber Composites, TenCate aims to increase 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 cannot be met by thermoplastic composites. This, the company says, creates a one stop shop for customers of TenCate Advanced Composites.
Synergy
According to TenCate, TenCate Advanced Composites in both the USA 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 says.
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 and the recent acquisition of PMC Baycomp in the US and the current acquisition of Amber Composites support the company's expansion into new markets.
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