# Tiderock Companies to acquire controlling interest in MTAG Composites

Tiderock Companies signed a Letter of Intent to acquire 90% of UK-based composites manufacturer MTAG Composites for £6.75 million (approx. $8.44 million). The transaction is expected to close by March 31, 2024.

- Type: Acquisition
- Announced: 2024-02-20
- Where: United Kingdom
- Value: $8.44M (6.75M GBP)
- Status: announced
- Products: specialized molding solutions, composites
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Tiderock Companies](https://endata.com/companies/14924.md) (acquirer)
- [MTAG Composites](https://endata.com/companies/75735.md) (target)

## Sources

- [accessnewswire.com](https://www.accessnewswire.com/newsroom/en/real-estate/tiderock-companies-and-mtag-composites-to-merge-to-create-global-materials-company-835069), 2024-02-20: "Tiderock Companies, Inc. is pleased to announce the signing of a Letter of Intent to acquire controlling interest of MTAG Composites LTD."
- [newswire.com](https://www.newswire.com/news/tiderock-companies-and-mtag-composites-to-merge-to-create-global-materials), 2024-02-20: "Tiderock Companies, Inc. is pleased to announce the signing of a Letter of Intent to acquire controlling interest of MTAG Composites LTD."

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