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

Image

Megadyne buying Belt Corp. of America

August 26, 2014 10:35 am ET

In a move aimed at building its specialty belting manufacturing and fabrication operations, Jason Industrial Inc. — Megadyne SpA's wholly owned ...    More

Image

Sonoco buys Germany's Weidenhammer, plans for thin-walled packaging growth

August 25, 2014 1:41 pm ET

Sonoco Products Co.'s acquisition of Weidenhammer Packaging Group GmbH of Germany includes plastic packaging technology that the company is targeting ...    More

Image

Deceuninck buys PVC window maker Pimas, adds capacity in Turkey, Russia

August 25, 2014 2:26 pm ET

European building products manufacturer Deceuninck Group has acquired 81.2 percent of Pimas Plastik Insaat Malzemeleri AS, the leading PVC window...    More

Image

New contract for JCI workers heads off potential strike in Ontario

August 25, 2014 3:17 pm ET

About 300 unionized workers at a Johnson Controls Inc. interiors plant in Ontario ratified a new three-year contract, heading off a potential strike...    More

Image

Private equity firm buys Berlin Packaging

August 25, 2014 11:36 am ET

Private equity firm Oak Hill Capital Partners plans to buy rigid packaging distributor Berlin Packaging LLC for $1.43 billion.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

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

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

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

More Events