The financial details of the acquisition have not been disclosed.
Netherlands-headquartered TenCate’s activities in the composites market are mainly focused on aerospace, space and radome applications and within the TenCate Advanced Composites group, which has activities in the USA and Europe. TenCate is a leader in thermoplastic prepregs for the aviation industry under the Cetex® brand.
Amber Composites was established in 1988 to manufacture prepreg materials. It is headquartered near Nottingham in the UK and serves a number of industries including motorsport, automotive, aerospace, communications, marine and wind energy.
The acquisition of Amber Composites will help accelerate TenCate's thermoset composites activities in the European market, and in the industrial and automotive composites, tooling materials and aerospace market.
Announcing the news, Amber Composites stated that by joining forces with Tencate it will strengthen its ability to provide its customer service on a more global basis.
- TenCate recently announced an alliance with BASF for thermoplastic composites for the automotive market, as well as with 3M for the US tooling market, aimed at expansion of its market potential for thermoset composites. The recent acquisition of PMC Baycomp in the US and the current acquisition of Amber Composites support the company's expansion into new markets.