Acquisition boosts Luxfer’s stake in composite fuel tanks

By Michael Lauzon
Correspondent

Published: March 26, 2014 3:14 pm ET

Related to this story

Topics Automotive, Composites

Luxfer Group is speeding up its entry into a growing composite fuel tank market through an acquisition.

Luxfer has acquired Vexxel Composites LLC, a Brigham City, Utah, producer of Type 4 cylinders used for compressed natural gas storage in vehicles. Such cylinders are carbon- or glass-fiber wrapped cylinders with a gas-tight polymer inner liner. Type 4 cylinders are lighter in weight but more expensive than metal and composite-reinforced metal cylinders.

Vexxel specializes in type 4 cylinders to hold CNG gas in vehicles shifting from conventional fuels to CNG.

“This acquisition provides our gas cylinder business with a facility purpose-built for the manufacture of Type 4 composite cylinder products, which will be targeted primarily at the class 8 heavy-duty truck market, where a high rate of conversion from diesel to CNG is widely anticipated,” stated Luxfer Group CEO Brian Purves in a March 24 news release.

Vexxel’s Brigham City plant will add capacity to produce about 4,000 Type 4 cylinders a year, said Andy Butcher, president of Luxfer Gas Cylinders North America of Riverside, Calif. Luxfer has been in the final stages of developing a new range of Type 4 cylinders to complement its line of Type 3 aluminum-lined composite cylinders.

The purchase means Luxfer is “now well positioned to launch our premium Type 4 design, which will be the lightest in weight and also extremely tough and durable,” explained Butcher in a news release.

Vexxel President Wayne Clark said the Vexxel business will gain from Luxfer’s cylinder expertise, sales and distribution network, equipment investment and working capital. The acquired business will operate as Luxfer Utah.

Vexxel was formed in 2012 as a sister company to HyPerComp Engineering Inc., a Brigham City producer of composite and high-pressure vessels and structural components. Vexxel was charged with making CNG pressure vessels for commercial and military vehicles.

Luxfer Group is headquartered in Salford, England. Luxfer Gas Cylinders claims to be the world’s largest producer of composite and aluminum cylinders for high-pressure gas storage. It has plants in the United States, Canada, England, France, Germany and China. Other Luxfor Group companies make engineered metal alloys and components.


Comments

Acquisition boosts Luxfer’s stake in composite fuel tanks

By Michael Lauzon
Correspondent

Published: March 26, 2014 3:14 pm ET

Post Your Comments


Back to story


More stories

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

Concours adding equipment as mold making business booms in Mexico

August 28, 2014 2:05 pm ET

Concours Mold Inc. is heading for a 50 percent increase in sales in Mexico this year after a $4 million upgrade of its plant in Huejotzingo, in the...    More

Image

Canadian mold maker Thibault adding to new operation in Mexico

August 27, 2014 3:19 pm ET

Canadian mold maker I Thibault Inc has purchased an established Mexican company, Tecnimoldes SA de CV, for a seven-figure-dollar-sum and renamed it...    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

A123 Systems re-energizes its future

August 25, 2014 10:40 am ET

Battery maker A123 Systems LLC has new leadership and a new strategy expected to help the company generate just above a net zero cash flow on revenue ...    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