Hanwha Solutions acquires Cimarron Composites, a U.S. hydrogen-tank manufacturer

Hanwha Solutions signed a deal to acquire a 100-percent stake in Cimarron Composites, a U.S.-based high-pressure tank manufacturer. Hanwha Solutions plans to invest at least USD 100 million in Cimarron Composites by 2025, including expansion of production facilities. The acquisition is expected to complete by April 2021.

“Hanwha Solutions has announced its acquisition of Cimarron Composites, a U.S.-based high-pressure tank manufacturer.”hanwha.com

• 3 sources
• hanwha.comHanwha Solutions Acquires U.S. Hydrogen-Tank Start-UpJan 13, 2021
• globalrenewablenews.comHanwha Energy - Hanwha Solutions Acquires U.S. Hydrogen-Tank Start-UpFeb 9, 2021
• compositesworld.comHanwha Solutions acquires Cimarron Composites, aims to be global leader in high-pressure tanks by 2030 | CompositesWorldGinger GardinerAug 12, 2021

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