Toray Advanced Composites is expanding its thermoplastic composites portfolio by buying Gordon Plastics LLC in Englewood, Colo., for undisclosed terms.
Toray announced Nov. 4 that it was buying the assets, technology and intellectual property of Gordon, in a bid to expand its product development and manufacturing for continuous fiber reinforced thermoplastic composite unidirectional tape, and beef up its capabilities with higher melting temperature polymer systems.
Steve Cease, the chief technology officer and U.S. managing director for TAC, called the acquisition a "significant expansion … with a key focus on supporting emerging demand in sporting goods, oil and gas, and industrial markets."
"The Gordon technology, capacity, expertise, and fast response culture is a great addition to Toray Advanced Composites, further signaling Toray's commitment to industrializing thermoplastic composites," he said.
Gordon's 47,000-square-foot facility in Englewood will operate as both a production location and a satellite research and development office, Toray said.
It said Gordon's site management and production personnel will join Toray.
The Gordon acquisition comes after Toray last year said it was building a 74,000-square-foot factory at its campus in Morgan Hill, Calif., increasing its production capacity for thermoplastic and thermoset composites by 50 percent.