20 June 2017
Headquarters: Benicia, California
Business: Manufacture and sales of formulated resins
for infusion molding and prepreg used in aircrafts etc.
Representative: Brian S. Hayes, President & CEO
Established: 1992
Capital: US$ 619,000
DETAILS
Kaneka Corporation’s wholly owned subsidiary,
Kaneka Americas Holding, Inc. (“KAH”)
and Applied Poleramic Inc. (“API”),
a formulated advanced resin supplier
in the aerospace area
have agreed to KAH’s acquisition of all of API’s shares
and have entered into a Stock Purchase Agreement
on June 19, 2017.
KAH shall acquire all of API’s stocks*
for approximately USD 15 Million
and API will become a consolidated subsidiary of KAH.
In the area of aerospace, there is a rapid growth
for high performance composites
in demanding applications such as
* engines, hot areas of the aircrafts,
* rockets and launch vehicles.
Due to its superior properties over metal and metal alloys of:
weight to strength ratio, heat-resistance and durability,
Kaneka sees greater growth potential
of this sub-segment
than the general structural composites market.
We anticipate this sub-segment
to grow more than 10% annually
within the next 10 years
or exceed USD 2 billion in market value.
Established in 1992, API possesses
formulated advanced resin technology
used in high performance composites.
API has been a strategic supplier
of high performance composites to OEM’s and their subcontractors.
Kaneka currently also supplies high performance materials
such as
* Polyimide films (Apical®) and
* resin modifiers (Kane Ace® MX) to the same key end customers.
Kaneka sees the acquisition of API
as a way of achieving an accelerated synergistic growth
through the integration of advanced core technologies
from both companies.
After the acquisition of API, Kaneka will continue to seek M&A
and partnership opportunities
to further strengthen growth, sales and market position of
high performance composites in the area of aerospace.
By 2025, Kaneka aims
to achieve more than USD 200 Million in sales.
Growth will be achieved by fully utilizing and uniting
Kaneka global resources in
* corporate research,
* product research, and
* product development;
located in institutes and research centers
throughout Japan and North America.
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