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Acquisitons Alter Composites NEWS World<br />

military jet are a good fit with its own positions. The<br />

acquisition is expected to be complete in fourth-quarter<br />

2015. Fokker, under its current leadership, will become an<br />

operating unit within GKN Aerospace, retain its headquarters,<br />

R&D and manufacturing facilities in The Netherlands<br />

and continue its ongoing partnerships with the Dutch<br />

government and knowledge institutes.<br />

Cytec’s composites businesses will be integrated into<br />

Solvay’s Advanced Materials operating segment. Through<br />

the Cytec acquisition, Solvay expects to gain critical scale<br />

and immediate “customer intimacy” in the aerospace<br />

market: In the fast-growing composite materials sector,<br />

which represents two thirds of Cytec’s sales, its principal<br />

market is primary and secondary aircraft structures.<br />

Conversely, in the automotive market, Solvay’s strong<br />

positions with original equipment manufacturers and Tier<br />

I suppliers are anticipated to bolster the growth of Cytec<br />

material sales and applications.<br />

Read more about Lockheed Martin’s acquisition on<br />

Sikorsky online | short.compositesworld.com/Sikors-acq<br />

Read more about AvCorp’s acquisition of HITCO online |<br />

short.compositesworld.com/HITCO-acq<br />

Read more about GKN’s acquisition of Fokker online |<br />

short.compositesworld.com/GKNFokker<br />

Read more about Solvay’s acquisition of Cytec online |<br />

short.compositesworld.com/SolvCytec<br />

BIZ BRIEFS<br />

Billionaire Warren Buffett is placing his bets on aerospace parts. His<br />

Berkshire Hathaway firm (Omaha, NE, US) is buying Precision Castparts<br />

Corp. (PCC), a Portland, OR, US-based manufacturer of complex<br />

metal components, for US$37.2 billion. That transaction will put<br />

aerocomposites manufacturer Composites Horizons (CHI, Covina, CA,<br />

US) in the Buffett portfolio as well — in July, PCC announced it would<br />

acquire CHI from American Industrial Partners (New York, NY, US).<br />

UK-based Meggitt PLC will buy the advanced composites businesses of<br />

Cobham for US$200 million. Cobham develops and produces composite<br />

aeroengine components (spinners, internal multi stage components,<br />

exhaust flaps), radomes and complex secondary structures (air -to- air<br />

refueling, structural munitions components). Cobham operates facilities<br />

in San Diego, Baltimore, and in the UK (Shepshed, Leicestershire<br />

and Stevenage, Hertfordshire).<br />

Royal TenCate NV (Almelo, The Netherlands) has been bought by<br />

Tennessee Acquisition BV, a company controlled by a consortium of<br />

investors that will help TenCate realize its business strategy, enabling<br />

it to invest in its protective fabrics, advanced composites, advanced<br />

armor, geosynthetics and grass market groups. The corporate identity<br />

and culture of TenCate will be maintained and its headquarters, central<br />

management and key support functions will remain in Almelo. No<br />

reorganization or restructuring will result in significant job losses.<br />

Precision Tooling and CNC Machining<br />

for the Composites Industry<br />

Precision<br />

Steel<br />

Invar<br />

NVD Nickel<br />

Weber Manufacturing Technologies Inc<br />

Tel 705.526.7896 • Midland, ON<br />

www.webermfg.ca<br />

CompositesWorld.com<br />

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