Acotec

Matrix Composites & Engineering has signed a manufacturing agreement with Acotec to produce Humidur coatings at its Henderson, Australia facility, with production expected to start by the end of Q3 2023.

Matrix Composites & Engineering entered a binding agreement with Acotec to exclusively distribute its Humidur corrosion protection coatings in Australia, New Zealand and Papua New Guinea. Matrix also agreed to acquire Humidur Australia's equipment and operations for $2.4 million.

Acotec Humidur has entered into a joint venture with Jurunature Sdn Bhd to manufacture Humidur corrosion and PFP coatings at a plant in Malaysia, forming Jurunature Humidur Asia Pacific Sdn Bhd.