Saint-Gobain Performance Plastics Corp. is moving further into the growing European aerospace industry with the acquisition of Mipnet Industries and its JTT Composites brand on June 1.
Currently, Merignac, France-based JTT Composites employs 17, occupies about 10,000 square feet in a new facility near Bordeaux and includes technical and production resources, said Scott Huth, business manager for Saint-Gobain Performance Plastics, in a news release.
JTT Composites supplies the regional aerospace market and sells composite parts designed with proprietary RT2i-brand weaving technology.
Huth said the acquisition and processes expand the firm's portfolio of high-performance solutions and value-adding services. “The European aerospace sector is booming right now, and we have set our sights high on this market,” he said in a statement.
Saint-Gobain Performance Plastics operates as part of the innovative materials sector of Cie. de Saint-Gobain of Courbevoie, France, near Paris. Saint-Gobain Performance Plastics employs more than 4,000 and has 45 manufacturing sites.
In early May, Saint-Gobain Performance Plastics held opening ceremonies for a new 54,000-square-foot headquarters in Solon, Ohio, after the operation moved from nearby Aurora, Ohio.