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Toray to acquire TenCate Advanced Composites for €930M · Endata

◂ Announcements

Jun 13, 2018ACQUISITIONNetherlands

Toray to acquire TenCate Advanced Composites for €930M

Toray Industries has agreed to acquire TenCate Advanced Composites from Koninklijke Ten Cate for €930 million ($1.1 billion). The deal is expected to close in the second half of 2018.

Value

$1.10B (930.0M EUR)

Status

Announced

Productshigh-performance thermoplastic and thermoset composites

CompaniesToray Industries acquirer TenCate Advanced Composites target Koninklijke Ten Cate B.V. partner Ten Cate Advanced Composites Holding BV target Leica partner

Sectors#Aerospace Components #Automotive Components

“Toray Industries Inc., Japan, has reached an agreement with The Netherlands-based Koninklijke Ten Cate BV to acquire TenCate Advanced Composites (TCAC).”textileworld.com

2 sources
textileworld.comToray To Acquire Tencate Advanced Composites | Textile WorldJim BornemanJun 13, 2018
lfrt-plastic.comJapan Toray acquires Dutch Leica composite material - Material Introduction - Xiamen LFT Composite Plastic Co.,LtdJul 24, 2018

Summarized from public sources; check the original articles before acting on it.

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