UK-based Norco has acquired C&B Composites, which includes all of the equipment currently located at C&B’s Poole facility and also the transfer of all existing C&B personnel to Norco’s Holton Heath site.
The consolidation of the C&B business into Norco will bring about some significant benefits for both companies. For example, the two autoclaves from C&B will enable Norco to offer the aerospace sector both autoclave and out-of-autoclave production. The skills base and the personnel transferring from C&B will enhance Norco’s current capability in composite component manufacturing. For C&B, the purchase comes after a period of change for the business and will provide an increased level of stability for employees, in addition to opening up new opportunities for career development.
With the recent organizational changes at Norco, and with the formation of Norco Composites and Norco GRP as two distinct businesses, there is an increasing emphasis on developing both these businesses. The purchase of C&B is a positive statement of intent by Norco to further strengthen its composite production capability.
“We are really excited to have acquired the wealth of knowledge, skills and client base that Joseph Salmon and his team can offer. This will greatly assist us in further expansion in the aerospace and automotive sectors and we are looking forward to welcoming them into the Norco family structure,” says Managing Director of Norco Mark Northey.
“C&B Composites is thrilled to become part of Norco. We have many skills and ideas that we are excited to bring to the table, whilst benefitting from Norco’s existing marketing capability, client base, and support structure. There is a fantastic synergy between C&B and Norco, which we are looking forward to capitalizing upon in the near future, as we expand into new markets together,” says Joseph Salmon, production director at C&B Composites.
Editor PickGardner Business Index at 54.1 in January
The US composites industry looks as strong as it has since early 2015, with expectations the highest in years.