Hexcel sells share of joint venture company

Hexcel (Dublin, Calif. ) has sold its 50 percent interest in the joint venture company TechFab LLC (Anderson, S. C.

Hexcel (Dublin, Calif.) has sold its 50 percent interest in the joint venture company TechFab LLC (Anderson, S.C.) to Chomarat US, a member of Group CHOMARAT (Le Cheylard, France). Techfab, formerly Clark-Schwebel Techfab Co., was formed in 1984 as a 50/50 joint venture between Chomarat and Clark-Schwebel (Clark-Schwebel was later acquired by Hexcel in 1998). Specific terms of the sale were not disclosed. TechFab LLC will retain its name and organizational structure.

“This is an extremely good outcome for our people and for the company,” comments Bruce Hinton, vice president and general manager of TechFab. “We have had a long and successful history with Chomarat since the joint venture’s inception in 1984.

TechFab manufactures adhesively bonded nonwoven scrims, scrim composites, carbon fiber C-GRID and MeC-GRID structural grids using fiberglass, polyester, aramid and other high performance fibers. Examples of applications for the company’s products include cement and concrete reinforcement, roofing systems, high performance sailcloth and infrastructure repair and rehabilitation (see CT August 2002, p. 40).