1 June 2017
ABOUT STRUCTIL
Structil is a joint venture
between Safran Ceramics, a wholly owned subsidiary of Safran,
and Mitsubishi Chemical Corporation
(formerly Mitsubishi Rayon Corporation).
The company employs approximately 70 people
at a 68,000-square-foot production plant
on a seven-acre site in Vert-le-Petit, France,
about 25 miles south of Paris.
Structil's 2016 sales were approximately $21 million.
The company’s product lines include
prepregs, structural adhesives
and pultruded profiles used in engine nacelles,
aerospace interiors, military jets and more.
Contact Structil
DETAILS
Hexcel Corporation announced today
that it has entered into exclusive negotiations
to acquire all of the shares of Structil SA (Structil),
a French producer and supplier
of high-performance composites
to the aerospace, defense and industrial markets.
The proposed transaction is subject to review
by relevant employee representative bodies
and approval from the applicable French authorities.
Assuming those reviews and approvals
are successfully completed, the acquisition
is expected to close in 2017.
Gerard Frut
Safran Ceramics
CEO
“The project proposed by Hexcel would make Structil
an integral part of the strategy
applied by a global leader in advanced composites,
with solid experience in production,
widely recognized by its customers, especially in France,
where it invests regularly.
It offers an excellent technological and industrial fit with Structil,
which will immediately benefit from
the new environment offered by Hexcel
to catalyze its development.”
Nick Stanage
Hexcel’s Chairman, CEO and President
“By combining Structil’s advanced composites product
portfolio of prepregs, adhesives and pultrusions with ours,
this acquisition would further enhance our product offerings
to our customers in aerospace and industrial,
providing an expanded choice of advanced composite solutions.
The integration of the Structil team
would also further strengthen
our development capability and technologies
for next generation aerospace and industrial applications.
Hexcel is a Safran First Circle supplier,
and this project will further reinforce
our strong 30-year-long partnership.”
Contact Hexcel
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