DSM Dyneema, the Netherlands-based producer of Ultra High Molecular Weight Polyethylene (UHMwPE) fibre brand, Dyneema, purchased Cubic Tech Corporation, a privately-owned company, based in Mesa, Arizona, US.
Cubic Tech specialises in the custom design, development and production of innovative high performance ultra-lightweight flexible laminates and fabrics, most of them based on Dyneema. The company is focused on high-end solutions in applications as diverse as racing yacht sails, equipment and apparel for sportswear, outdoor and future soldier programmes as well as emergency medical equipment.
Terms of the acquisition will not be disclosed.
Meanwhile, DSM Dyneema s acquisition of Cubic Tech, a long-time customer, is expected to also facilitate its entry into the performance apparel markets and will add important new revenue streams and developments in existing markets as well as creating access to several new applications, according to the Dutch company.
(PRA)
