Toray buys stake in Italian prepregger

Toray acquires a 55% stake of Italian prepreg manufacturer Delta Tech SpA; the transaction includes Delta Tech's wholly-owned subsidiary Delta Preg SpA.

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Toray Industries Inc. (Tokyo, Japan) has acquired 55% of outstanding shares of Italian prepreg manufacturer Delta Tech SpA (Lucca), making Delta Tech and its wholly owned subsidiary Delta Preg SpA (Teramo, Italy), into its subsidiaries. Delta Group is engaged in the development and supply of high-quality prepreg, primarily for premium automobile applications.

To date, Toray has been enhancing a cooperative relationship with the Delta Group through supply of carbon fiber Torayca, and this stock acquisition significantly reinforces its carbon fiber intermediate business in Europe. Toray earlier this year established Composite Materials srl (CIT) after it acquired the carbon fiber textile and prepreg business from Saati SpA.

In coming years, Toray says it will accelerate product development in Europe by leveraging its high-grade, high-performance prepreg technologies. Further, having both CIT and Delta Group under its umbrella at the same time, and expanding products that exploit their respective strengths, enables Toray to respond broadly to the market requirements that are getting even more sophisticated, especially to conquer new frontiers in the carbon fiber composites industry.

Toray also says that it enhances the company's structure to offer solutions to customers at each level of its own integrated supply chain by combining Toray Carbon Fibers Europe S.A., a French subsidiary that produces carbon fibers from precursor and distributes it, as well as Euro Advanced Carbon Fiber Composites GmbH (EACC) and ACE Advanced Composite Engineering GmbH (ACE), German subsidiaries that produce and distribute carbon fiber-reinforced plastic (CFRP) parts.

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