TenCate's Amber deal aimed at thermoset composites

Published: January 16, 2013 9:55 pm ET

Related to this story

Topics Mergers & Acquisitions, Automotive

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

Image

Fiat Chrysler drops Chrysler Group name in favor of FCA US

December 16, 2014 9:05 am ET

Chrysler is Chrysler no more. Fiat Chrysler Automobiles, the Netherlands-based parent company of what was Chrysler Group LLC, said today that it has...    More

Izo-Blok opens Polish car part plant

December 15, 2014 9:16 am ET

Poland's plastic car parts maker Izo-Blok has launched its new production facility in Chorzów, in Poland's southern region of Silesia.    More

Image

Automotive supplier IAC expands in Alabama

December 12, 2014 12:34 pm ET

Automotive giant International Automotive Components has expanded its Alabama operations with a new 126,000-square-foot facility located adjacent to...    More

Image

Suppliers hit back against automakers' cost-cut demands

December 12, 2014 11:22 am ET

Relations between automakers and suppliers are deteriorating largely because of intensifying cost-cutting demands, according to a report. Vehicle...    More

Image

UK recycler Eco Plastics sold to German investment group

December 12, 2014 11:19 am ET

Recycler Eco Plastics has been bought by Aurelius AG, a Grünwald, Germany-headquartered investment firm, for an undisclosed sum.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events