TenCate Acquires YLA and CCS Composites - 4/1/2008

TenCate Advanced Composites USA Inc. (Morgan Hill, Calif.), a subsidiary of Royal TenCate (Nijverdal, The Netherlands), signed a definitive stock purchase agreement to buy all the shares of YLA Advanced Composite Materials Inc. and CCS Composites Inc. from Perstorp Holdings AB (Perstorp, Sweden). The deal is subject to U.S. government approval.

According to Jorg Huber, president and CEO of TenCate Advanced Composites USA, “The acquisition of YLA/CCS strengthens TenCate’s growing market position and further establishes TenCate as a world leader in advanced composite materials. We see strong synergies between TenCate and YLA/CCS, based on our joint product, qualifications and technological capabilities and feel this acquisition will positively benefit TenCate’s vision for excellence in composite materials.” TenCate Advanced Composites USA is part of TenCate’s aerospace and armor composites group, a supplier of trademarked Cetex and Cetex Thermolite thermoplastic matrix composite materials, aerospace-grade thermosetting composite materials, and advanced antiballistic personal and vehicle protection that is utilized for military and law enforcement applications. TenCate recently acquired thermoplastics prepreg tape and long fiber-reinforced thermoplastics supplier Phoenixx TPC (Taunton, Mass.) and armor systems manufacturer Composix Co. (Newark, Ohio).