2020. január 21., kedd 09:38 |
Mitsubishi Chemical Advanced Materials Acquires c-m-p GmbH (part 1) |
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Lenzburg, Switzerland, 21 January, 2020 (APA/OTS) - Mitsubishi Chemical Advanced Materials AG (MCAM), a leading global manufacturer of high-performance materials, today announced that it has entered into an agreement for the acquisition of c-m-p GmbH (c-m-p) through its German subsidiary Mitsubishi Chemical Advanced Materials GmbH. The transaction is expected to close in early March 2020. |
With the addition of c-m-p, both companies can further strengthen
their market position in the composites world, as well as developing
future composite materials. The acquired entity had been a 50:50
partnership between the original founders of c-m-p GmbH and DowAksa
B.V. Through this acquisition, MCAM acquires 100% of the shares of
c-m-p.
"Within Mitsubishi Chemical Advanced Materials (MCAM), the
acquisition enhances our ability to produce prepreg solutions for
customers in Europe, a further step in our mission of metal to
plastic conversion which began more than 80 years ago", says Michael
Koch, CEO Mitsubishi Chemical Advanced Materials. "MCAM, a fully
owned subsidiary of Mitsubishi Chemical Corporation (Tokyo, Japan),
identified c-m-p GmbH (c-m-p) as a leader in its areas of expertise
and plans to preserve and enlarge c-m-p's unique market identity.
Strategic corporate development activities, such as the c-m-p
acquisition, contribute to MCAM's ability to grow rapidly and
consistently while maintaining quality and innovation".
Following the acquisition, c-m-p can benefit from Mitsubishi
Chemical's world-wide network of industry partners, customer
relationships and technology developments, while bringing new
technologies, specialized skills and market expertise into the
group. Through the Mitsubishi Chemical network, new materials and
applications will be further developed for the aviation industry, as
well as automotive, sports equipment and utility services. With the
acquisition of c-m-p, Mitsubishi Chemical will become capable of
producing prepreg materials (resin-coated carbon fabric) in Europe,
in addition to Mitsubishi Chemical's capabilities in Asia and USA.
"On behalf of my co-founding shareholders, Michael Juerissen and
Dr. Jan Verdenhalven, I welcome Mitsubishi Chemical Advanced
Materials (MCAM) as the new owner", says Rolf Dothagen, Managing
Director c-m-p GmbH (c-m-p). "Becoming an important part of the
large global network of Mitsubishi Chemical will allow to develop
c-m-p to the next level becoming an even stronger technical and
commercial prepreg partner to its customers."
"DowAksa is proud of being part of the c-m-p GmbH history and
growth story", says Douglas Parks, CEO DowAksa. "This announcement
marks another important step in this success story. Customers,
employees and stakeholders will benefit from Mitsubishi Chemical's
global reach and experience. DowAksa will continue its focus on
providing innovative carbon fiber composite solutions for the global
wind and automotive markets, as well as the specific needs of the
Turkish aerospace/defense industry."
Further information can be obtained from:
Frank Schilling, Group CFO Frank.Schilling@mcam.com
Mitsubishi Chemical Advanced Materials AG Talstrasse 70, 8001 Zurich, Switzerland Phone +41 44 213 6666 mcam.com
- Picture is available at AP Images (http://www.apimages.com) -
About Mitsubishi Chemical Advanced Materials
Mitsubishi Chemical Advanced Materials is a leading global
manufacturer of high-performance materials in the form of
semi-finished products and finished parts. The company has locations
in 20 countries and more than 2'800 employees. Its specialty
engineering thermoplastics and composites are superior in
performance to metals and other materials and are used in a wide
range of applications, primarily in the capital goods industry. The
company is continuously developing new areas of applications in
close cooperation with industry leaders in a broad variety of
customer markets. The Mitsubishi Chemical Advanced Materials Group
is well prepared to further expand its market leadership position.
For more information, please visit www.mcam.com
About DowAksa
Established in 2012, DowAksa is 50:50 joint venture between The Dow
Chemical Company and Aksa Akrilik Kimya Sanayii A.Ş. Combining the
strengths of both partners, the joint venture manufactures and
commercializes carbon fibers and derivatives with a specific focus
on the energy, infrastructure and transportation markets.
As one of the largest chemistry and science-based companies, Dow
Chemical Company, based in Midland, Michigan, offers world-class
capabilities and global reach along with proven technologies in the
area of composites as well as formulation and technical service
capabilities.
Aksa, based in Yalova, Turkey, is the world's largest producer of
acrylic fibers, a key raw material in the production of carbon
fibers.
Together, Dow and Aksa share a strong focus on bringing innovations
and new solutions into carbon fiber markets. Learn more at
www.dowaksa.com (continues)
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2020. január 21., kedd 09:39 |
Mitsubishi Chemical Advanced Materials Acquires c-m-p GmbH (part 2) |
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Lenzburg, Switzerland, 21 January, 2020 (APA/OTS) - |
About c-m-p GmbH
c-m-p GmbH is a globally active and technologically leading
company, which has specialised in the development and manufacturing
of highest quality, customized prepregs and textiles made of carbon
and other high-performance fibers. Founded in 2011, c-m-p - which is located in the Oberbruch
Industrial Park in Heinsberg - quickly became successfully
established on the market as a powerful and reliable technology
partner. It has one of the most internationally experienced and
distinguished teams in the industry - and thus uniquely combines the
dynamics and innovative power of a young, medium-sized company with
the deep industry knowledge and extensive know-how from more than 40
years of experience in the composite sector. Learn more at
www.c-m-p-gmbh.de
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