TenCate's Amber deal aimed at thermoset composites

Published: January 16, 2013 9:55 pm ET

Related to this story

Topics Automotive, Mergers & Acquisitions

ALMELO, THE NETHERLANDS (Jan. 16, 2:25 p.m. ET) — Royal TenCate NV, one of Europe’s largest composites businesses, has acquired Nottingham, England-based Amber Composites Ltd. for an undisclosed sum.

Amber specializes in thermoset composites for the industrial and automotive markets, and the Dutch-based TenCate said the deal to buy the firm would “help accelerate activities in the European market” of these materials.

In a statement TenCate said its operations in both the United States 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 USA and in Europe,” it added.

TenCate recently announced a tie-up with BASF SE for thermoplastic composites for the automotive market, as well as with 3M Co. for the U.S. tooling market, which the group said was “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,” it added.


Comments

TenCate's Amber deal aimed at thermoset composites

Published: January 16, 2013 9:55 pm ET

Post Your Comments


Back to story


More stories

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC,...    More

OSHA probes alleged asthma link to Lear's Selma, Ala., plant

July 23, 2014 11:58 am ET

U.S. foam manufacturer Renosol Seating LLC is being investigated following allegations its workers are at risk of asthma from TDI exposure at its...    More

Image

Contigo, Avex buy lets Newell Rubbermaid leapfrog new bottle development

July 22, 2014 4:11 pm ET

Newell Rubbermaid Inc. is ready to accelerate its move into the reusable water bottle business with the purchase of two on-the-go drinkware brands.    More

Image

Illinois injection molder expands

July 21, 2014 1:23 pm ET

Automotive supplier All-Rite Industries Inc. has added two new injection molding machines to its operations.    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events