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Teijin Ltd. and Safran S.A. signed a long-term master agreement for the supply of Teijin's high-performance composite materials for next-generation aircraft parts. Some materials will be manufactured by Renegade Materials Corp.
Teijin Ltd. has agreed to acquire Renegade Materials Corp., a North American supplier of heat-resistant thermoset prepreg for aerospace. Renegade will become a wholly-owned subsidiary of Teijin. The acquisition is anticipated to be completed in spring 2019.