Kordsa, a subsidiary of Sabanci Holding, has acquired US-based Axiom Materials, which makes composite materials including prepregs, adhesive, and ancillary composite products for aerospace applications.
This US$181 million acquisition will help Kordsa become the only worldwide qualified manufacturer of oxide-oxide ceramic matrix composites, the company said. ‘With the acquisition of Axiom Materials, Kordsa has completed the first phase of its goal to build a second Kordsa in composite technologies,’ it added said in a press release.
‘Kordsa, the flagship of our vision to grow in high value added industries, transforms into a company capable of producing advanced material technologies with its investment of approximately US$300 million in composite technologies in the last two years,’ said Mehmet Göçmen, Sabanci Holding CEO.
This story uses material from Kordsa, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
