# Toray to acquire TenCate Advanced Composites for €930M

Toray Industries Inc. agreed to acquire TenCate Advanced Composites from Koninklijke Ten Cate B.V. for an enterprise value of €930 million. The acquisition will expand Toray's high-performance thermoplastic and thermoset composites offering for aerospace and industrial markets.

- Type: Acquisition
- Announced: 2018-03-14
- Where: Almelo, Netherlands
- Value: $1.14B (930.0M EUR)
- Status: announced
- Products: high-performance composites, thermoplastic composites, thermoset composites, carbon fiber
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Toray Industries](https://endata.com/companies/4565.md) (acquirer)
- [TenCate Advanced Composites](https://endata.com/companies/24132.md) (target)
- [Koninklijke Ten Cate B.V.](https://endata.com/companies/30746.md) (partner)
- [Royal TenCate](https://endata.com/companies/30769.md) (partner)

## Sources

- [airframer.com](https://www.airframer.com/news/release/toray-to-acquire-tencate-advanced-composites), 2018-03-14: "We are very pleased with today's announcement and consider Toray a strong partner for us in terms of cultural fit, complementary product and market segment offerings, focus on R&D, and geographical reach."
- [toraytac.com](https://www.toraytac.com/newsroom/news-item/2018/3/14/Toray-to-acquire-TenCate-Advanced-Composites), 2018-03-14: "We are very pleased with today's announcement and consider Toray a strong partner for us in terms of cultural fit, complementary product and market segment offerings, focus on R&D, and geographical reach."
- [riveancapital.com](https://riveancapital.com/news/toray-to-acquire-tencate-advanced-composites/), 2018-03-14: "Toray is committed to further accelerate the growth of TCAC in the coming years, fully supporting TCAC management’s strategy and investment growth plans."
- [compositesworld.com](https://www.compositesworld.com/news/toray-acquires-tencate-advanced-composites), 2018-03-14: "Toray says the acquisition is expected to generate significant synergies by combining the product lineup in which TenCate Advanced Composites specializes with the range of carbon fiber as well as polymer technologies."
- [nikkei.com](https://www.nikkei.com/article/DGXLRSP474339_V10C18A3000000/), 2018-03-15: "東レは、2018年3月14日、オランダの炭素繊維複合材料メーカーTenCate Advanced Composites Holding B.V.の全株式を取得することを、親会社であるKoninklijke Ten Cate B.V.との間で合意しました。"
- [nikkei.com](https://www.nikkei.com/article/DGXMZO28148590V10C18A3EAF000/), 2018-03-15: "東レは買収を契機に繊維から複合材加工まで一貫して手掛けるグローバルな体制を強化し、競合他社を引き離す。"
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/03/38965/), 2018-03-16: "Toray will acquire TCAC for an enterprise value of 930 million euros."
- [cen.acs.org](https://cen.acs.org/materials/Aerospace-growth-leads-composites-alliances/96/i14), 2018-04-02: "Toray is paying $1.15 billion for TenCate Advanced Composites, a company that specializes in carbon fiber prepreg for the production of small and medium aircraft."
- [textilemedia.com](https://www.textilemedia.com/about-us/latest-news/toray-to-acquire-tencate-advanced-composites/), 2018-04-06: "Toray believes that, with the expected rise in the aerospace industry’s demand for thermoplastic prepreg, acquiring TenCate will position it to meet demand for thermoplastics in small- and medium-sized mass-produced aircraft."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.