3A Composites Core Materials has closed its acquisition of PNG Balsa, a manufacturer of balsa wood with plantations in Papua New Guinea.
Under the terms of the acquisition agreement, PNG Balsa will operate under 3A Composites PNG Balsa Ltd.
‘The culmination of this acquisition marks a significant milestone in our industry and brings a bright future for balsa as a lightweight core material for wind-turbine, marine, automotive and other applications,’ said Roman Thomassin, CEO of 3A Composites Core Materials. ‘We can now expand our global footprint further to meet the increasing balsa demand from our customers worldwide.’
This story is reprinted from material from 3A, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
