Hexcel Corporation says that it has entered into a definitive agreement to acquire ARC Technologies Inc, a supplier of custom RF/EMI and microwave absorbing composite materials for military, aerospace and industrial applications, for US$160 million. The acquisition strengthens Hexcel’s existing advanced materials portfolio in structural composites and thermoplastics, the company said.
ARC Technologies employs around 170 people working at two locations in Amesbury, Massachusetts, USA. The company specializes in combining absorptive metallic filler compounds, including carbon, iron and nickel-coated graphite, with a blend of polymer resins to generate various matrix materials including structural composites and thermoplastics.
‘This acquisition will combine two great research and technology teams to further develop next-generation products for both commercial and military aerospace and defense applications,’ said Hexcel Chairman, CEO and president Nick Stanage.
‘This acquisition represents a major step in strengthening our capabilities in RF absorbing materials, thermoplastic products and specialty composites,’ said ARC Technologies founder and CEO Daniel P Healey.
ARC Technologies is expected to generate about US$50 million in revenue in 2018.
This story is reprinted from material from Hexcel, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.