TenCate (Nijverdal, The Netherlands) reported on Jan. 16 that it has reached an agreement on the acquisition of Amber Composites (Langley Mill, Nottingham, U.K.), a manufacturer of thermoset composites for the industrial and automotive market. No financial details will be communicated regarding this transaction.
The activities of TenCate in the composites 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 Cetex.
TenCate says that 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.
TenCate says its presence in the U.S. 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 U.S. 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 U.S. and the current acquisition of Amber Composites support the company's expansion into new markets.
See the CompositesWorld Blog for commentary on the acquisition.