Axiom Materials

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.

Axiom Materials, a manufacturer of advanced composites, completed a majority recapitalization transaction with Sorenson Capital Partners. Keystone Capital Markets served as financial advisor.

Kordsa, a subsidiary of Sabanci Holding, has agreed to acquire Axiom Materials, a supplier of advanced composites. The acquisition is subject to regulatory approvals.

Axiom Materials has signed a lease for an additional 16,000 square feet of space near its Santa Ana, California facility for additional manufacturing, inventory, and technical/laboratory space.