Reinforcement technologies specialist Kordsa has acquired Fabric Development Inc and Textile Products Inc, companies providing composite materials for the commercial aviation industry, for around US$100 million.
‘This new step will ensure us to be a strategic supplier of key players in aerospace and civil aviation, particularly Boeing and Toray Composites Materials America Inc,’ said Kordsa CEO Ali Çaliskan. ‘With this acquisition, we also aim to strengthen our strong global leadership in reinforcement technologies. We used to reinforce the tires of the aircrafts, now we are honored to say that we will also reinforce the wings and hulls of the aircrafts with our composite technologies, as well as the landing tracks of those aircrafts with our construction reinforcement technologies.’
This story is reprinted from material from Kordsa, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
