TenCate to boost thermoset composite activity with acquisition

Dutch composites maker TenCate is acquiring Amber Composites, a UK-based manufacturer of thermoset composites for the industrial and automotive market. No financial terms were disclosed.

The major portion of the global composite market consists of thermoset materials. The activities of TenCate in this market are mainly focused on aerospace, space and radome applications and within TenCate Advanced Composites concentrated in the US. The acquisition of Amber Composites will help accelerate activities in the European market in the field of thermoset composite materials.

TenCate composites activities originate in the Netherlands, where more than 20 years ago it began the development of thermoplastic composites for the aviation industry under the brand name TenCate Cetex. The main advantages of thermoplastic composites are the lower process costs and faster processing time in the production of components.

As a result of the acquisition of Amber Composites, TenCate increases its presence in the market for industrial and automotive composites, tooling materials and in the aerospace market in Europe, with both thermoset and thermoplastic composites. Thermoset composites are used as an alternative for those applications that cannot be met by thermoplastic composites.

TenCate recently announced its alliance with BASF for thermoplastic composites for the automotive market, as well as with 3M for the US tooling market aimed at expansion of its market potential for thermoset composites. Tooling composites is one of the strengths of Amber Composites. The recent acquisition of PMC Baycomp in the US and the current acquisition of Amber Composites support the company’s expansion into new markets.

(PRA)


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