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Kordsa acquires Axiom Materials for USD 181 million · Endata

◂ Announcements

Jul 24, 2019ACQUISITIONUnited States

Kordsa acquires Axiom Materials for USD 181 million

Kordsa, a subsidiary of Sabanci Holding, acquired US-based Axiom Materials for USD 181 million, making Kordsa the only worldwide qualified manufacturer of oxide-oxide ceramic matrix composites.

Value

$181.0M

Status

Completed

Productsoxide-oxide ceramic matrix compositesadvanced composite materials

CompaniesKordsa acquirer Axiom Materials target

Sectors#Aerospace Components #Specialty Chemicals

“With this investment, Kordsa became the only worldwide qualified manufacturer of oxide-oxide ceramic matrix composites.”texdata.com

2 sources
texdata.comTexData International - all significant news along the textile value chainTexData InternationalJul 24, 2019
m.aa.com.trKompania turke blen prodhuesin amerikan Axiom MaterialsGökhan ErgöçünJul 24, 2019

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

More from Kordsa

Jul 18, 2019EXPANSIONİzmit, Türkiye$17.5Mops May 2019
Kordsa opens 100 million TL polyester yarn line in İzmit
Kordsa textilegence.com
May 31, 2019EXPANSIONIzmit, Turkey, Türkiye$17.7Mops 31 May 2019
Kordsa inaugurates new polyester yarn line in Izmit, Turkey
Kordsa tyrepress.com innovationintextiles.com
May 3, 2019PARTNERSHIP
Kordsa and Continental develop Cokoon eco-friendly adhesion system
Continental partner Kordsa partner reinforcer.com
Mar 6, 2019PARTNERSHIP
Continental and Kordsa develop Cokoon adhesive technology
Continental partner Kordsa partner innovationintextiles.com
Feb 18, 2019ACQUISITIONCalifornia, United States$181.0M
Kordsa to acquire Axiom Materials
Sabanci Holding investor Kordsa acquirer textileworld.com prnewswire.com find.com.tr
Oct 2, 2018ACQUISITIONUnited States$3.20M
Kordsa unit acquires Advanced Honeycomb Technologies for $3.2 million
Kordsa acquirer Kordsa Teknik Tekstil acquirer reuters.com

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