James Cropper to acquire PV3 Technologies.

James Cropper, an advanced materials and paper products group, agreed to acquire PV3 Technologies, a company which specialises in the development and manufacture of electrochemical materials used in the creation of green hydrogen. Financial terms were not disclosed. "The acquisition of PV3 Technologies is the latest step in TFP's growth plans, providing the opportunity to further enhance TFP's market position in the hydrogen economy. Fuel cells are already a key growth market for TFP, our nonwovens are used extensively as GDL substrates for fuel cells and, in the last financial year, TFP saw a 40% growth in sales into this sector. The incorporation of PV3 will enable us to expand our product portfolio to offer catalyst powders for fuel cells as well as electrolyser components used to generate green hydrogen as a fuel source. This acquisition strengthens our position within the hydrogen economy, expands our product offering and knowledge base, and creates opportunities for further growth." Phil Wild, James Cropper CEO.