Versarien Plc and Dimar Limited form DV Composites Ltd.

New joint venture to supply novel range of cutting tools for the composites industry using graphene and porous metal technology.

Versarien Plc (Mitcheldean, Gloucestershire, UK) is an advanced engineered materials company which has commercialized innovative metallurgy from the University of Liverpool (Liverpool, UK). VersarienCu, a porous copper, is one example of the open cell metal structures possible, that are less expensive to produce and also capable of delivering far higher levels of thermal transfer efficiency.

Versarien has announced it will form a 50/50 joint venture with Dimar Limited (Shelomi, Israel), a leading global tungsten carbide tool manufacturer based in Israel, to distribute a new range of cutting and machining tools for the composites industry.

The new venture, DV Composites Ltd., will leverage Versarien’s existing sales channels into the automotive, aerospace and marine sectors. Dimar currently sells a range of high-performance tooling to a number of global organisations in these sectors.

DV Composites will be based and operate out of Versarien’s headquarters in Mitcheldean and will distribute these new products, alongside its development products for the composite industry, enabling further traction.

The new DV Composite’s product range was launched at the Advanced Engineering UK 2014 Show (Nov. 11-12, 2014, Birmingham).

Versarien CEO Neill Ricketts says, “This joint venture has provided the Group with a fantastic opportunity to combine several of our key technologies with those of Dimar, for the fast growing composites industry."

“Given the breadth of Versarien, we will be able to draw upon our significant expertise in graphene, tungsten carbide incorporating VersarienCu from an InnovateUK grant and this coupled with Dimar’s extensive customer base and experience in the market, creates a robust platform for the launch of DV Composites. It also provides the Group with an excellent entry point into the Israeli composite industry through our close collaboration with Dimar.”