Toray to acquire TenCate Advanced Composites

Toray Industries Inc., Tokyo, Japan, has reached an agreement to acquire Tencate Advanced Composites (TCAC), a developer and producer of advanced thermoplastic-and thermoset-based composites. Toray is committed to accelerating the growth of TCAC in the coming years, fully supporting its management’s strategy and investment growth plans. The combination brings together complementary product offerings in high performance composites serving the aerospace, space and communications and high-performance industrial markets. The acquisition secures TenCate’s access to a source of highly specified carbon fiber, a crucial component to supporting the needs of customers.