Dutch advanced textile composites company Koninklijke TenCate NV has agreed to buy Performance Materials Corp. Baycomp, a major maker of unidirectional tape in Camarillo, Calif.
TenCate is attracted to PMC Baycomp's rapidly growing market opportunities in oil and gas and vehicle markets, TenCate said in a March 27 news release. PMC Baycomp has enough capacity to support near-term growth and TenCate will start producing unidirectional tapes in Europe for opportunities there. TenCate has a manufacturing operation in Nijverdal, Netherlands and is listed on the NYSE Euronext stock exchange in Amsterdam.
TenCate did not disclose terms of the deal, which is expected to close in early April.
At Camarillo, PMC Baycomp makes medical orthotic and automotive components; that plant is integrated into the production of advanced carbon and fiberglass composites. A plant in Burlington, Ontario, makes high-quality thermoplastic advanced composites using carbon, fiberglass, aramid and other specialty fibers for the auto, oil and gas, industrial, electronics and consumer product markets.
In Taiwan, PMC Baycomp focuses on consumer electronics, selling thermoplastic composites into that market. A Guangzhou, China, plant mass produces composites for consumer industries.
TenCate said PMC Baycomp is one of a few specialized producers of thermoplastic unidirectional composites. Its materials are based on industrial plastics including nylon, polycarbonate, ABS, thermoplastic polyurethane and polyolefins. TenCate has focused on aerospace markets with engineering-grade matrices based on polyetherether ketone, polyphenylene sulfide and polyetherimide.
“The great advantage of thermoplastics is that their rapid processing enables industries to use these materials in high-volume manufacturing processes, wherein they can provide large cost benefits,” said TenCate Advanced Composites group director Dave Clark.