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Hexcel acquires full ownership of Formax UK Limited

07 Jan '16

2 min read

Hexcel Corporation, a leading advanced composites firm, has acquired full ownership of Formax UK Limited, a leading manufacturer of composite reinforcements, specialising in the production of lightweight carbon fibre multi-axials, highly engineered glass fibre, and aramid fibre fabrics.

Hexcel acquired a 50 per cent interest in the privately-owned company in December 2014. The purchase of the remaining interest in Formax will allow Hexcel to further advance dry reinforcements technology for future aerospace applications and provide scale for growing industrial markets, according to a press release.

Hexcel's chairman, CEO, and president, Nick Stanage said, “Our joint venture has demonstrated how well Formax technologies and products complement our product line and will help us grow our aerospace and industrial businesses. We believe that fully integrating the Formax operations into Hexcel will enable us to accelerate the synergies between our operations and enhance our abilities to provide innovative solutions to our customers. We welcome Formax to our company, and we're looking forward to a successful future together.”

Hexcel Corporation develops, manufactures, and markets lightweight, high-performance structural materials, including carbon fibres, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures, used in commercial aerospace, space and defence and industrial applications such as wind turbine blades. (GK)

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