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Announced

Toray acquired TenCate Advanced Composites for €930m.

Financials

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Transaction Value£822m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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carbon fibre composite material

Chemicals and Synthetic Fibres

Netherlands

Disposal

Private

Pending

Friendly

Synopsis

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Toray, the world’s largest carbon fiber manufacturer, acquired TenCate Advanced Composites, a specialist in thermoplastic and thermoset prepreg manufacturing, for €930m. Toray says the acquisition is expected to generate significant synergies by combining the product lineup in which TenCate Advanced Composites specializes with the range of carbon fiber as well as polymer technologies, which Toray says are its strengths.

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