Hexcel enters agreement to acquire ARC Technologies
Hexcel to acquire supplier of custom RF / EMI and microwave absorbing composite materials for military, aerospace and industrial applications.
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Hexcel Corp. (Stamford, CT, US) announced Nov. 30 that it has entered into a definitive agreement to acquire ARC Technologies Inc. (Amesbury, MA, US), supplier of custom RF / EMI and microwave absorbing composite materials for military, aerospace and industrial applications.
ARC Technologies has a wide range of capabilities for producing RF / EMI and microwave absorbing materials and specializes in combining absorptive metallic filler compounds — including carbon, iron and nickel-coated graphite — with a proprietary blend of polymer resins to generate various matrix materials including structural composites and thermoplastics.
The transaction, which has an agreed-upon purchase price of $160 million, is expected to close early in 2019 pending customary commercial and regulatory conditions and approvals.
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