# 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.

- Type: Acquisition
- Announced: 2018-06-13
- Where: Netherlands
- Value: $1.10B (930.0M EUR)
- Status: announced
- Products: high-performance thermoplastic and thermoset composites
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Automotive Components](https://endata.com/sectors/automotive-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)
- [Ten Cate Advanced Composites Holding BV](https://endata.com/companies/33314.md) (target)
- [Leica](https://endata.com/companies/33315.md) (partner)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/06/toray-to-acquire-tencate-advanced-composites/), 2018-06-13: "Toray Industries Inc., Japan, has reached an agreement with The Netherlands-based Koninklijke Ten Cate BV to acquire TenCate Advanced Composites (TCAC)."
- [lfrt-plastic.com](https://www.lfrt-plastic.com/info/japan-toray-acquires-dutch-leica-composite-mat-27611734.html), 2018-07-24: "Japan’s Toray has agreed with the Dutch Leica to acquire the latter subsidiary, Ten Cate Advanced Composites Holding BV (TCAC), which will be priced at 930 million euros."

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