Teijin Limited has agreed to acquire Renegade Materials Corporation, a North American supplier of heat-resistant thermoset prepreg for the aerospace industry. Renegade will become a wholly-owned subsidiary of Teijin, the company says.
Renegade, based in Miamisburg, Ohio, was established in 1993 as a resin manufacturer and launched its thermoset prepreg business for aerospace applications under the Renegade brand in 2007. Its thermal-cycle resistant prepregs incorporate heat-resistant polyimide resin made from low-toxicity raw materials. With this purchase, Teijin reportedly plans to expand its business into aerospace field including next-generation aircraft engine parts. Global marketing initiatives will be supported by Teijin's carbon fiber business, including Teijin Carbon Fiber, which plans to launch a new carbon fiber production facility in South Carolina by the end of 2020, Teijin Carbon America, a carbon fiber sales base in Tennessee, and Teijin Carbon Europe GmbH, a core company of the carbon fiber business in Europe. The company aims to achieve annual sales in this field in excess of US$900 million by around 2030.
This story is adapted from material from Teijin, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.