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Albany International takes over CirComp

Nov '19
Pic: Albany International
Pic: Albany International
Albany International has taken over CirComp, a privately-held developer and manufacturer of high-performance composite components. CirComp, located in Kaiserslautern, Germany was founded by Dr. Ing Ralph Funck and specialises in designing and manufacturing customised engineered composite components for aerospace and other demanding industrial applications.

The acquisition complements and expands Albany’s portfolio of proprietary, advanced manufacturing technologies for composite components, increases the company’s position as a leading innovator in advanced materials processing and automation and opens a geographic footprint in Europe to better serve its global customer base.

“I’m excited to welcome Dr. Funck and the CirComp team to Albany International. We are combining two great innovators of high-performance engineered composite component design and technology, both with strong capabilities in proprietary automated manufacturing process development. CirComp will be a compelling addition to Albany’s current portfolio,” said Olivier Jarrault, Albany’s president and CEO. “Together we will be able to leverage our combined know-how, accelerating our technology development in thermoplastic composites and expanding our offering of innovative composite solutions to our customers.”

Funck, managing director for CirComp said, "We are extremely pleased to be joining Albany International Corporation, as part of their Engineered Composites Group. Albany International will enhance CirComp’s ongoing growth plans, supported by their global reach and strong customer relationships. Together we will strengthen one another’s advanced materials and engineered products capabilities. We envision significant strategic benefits from this combination, allowing us to even better serve our customers' needs. Our employees and management team are looking forward to joining the Albany organisation and working together for continued growth and success.”

Fibre2Fashion News Desk (SV)

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