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Saint-Gobain Performance Plastics acquires composite materials maker HyComp

March 06/2018

MOSCOW (MRC) -- The Performance Plastics business of Saint-Gobain has acquired HyComp LLC, an Ohio-based manufacturer of advanced proprietary components for the aerospace and industrial markets, as per Canplastics.

The terms of the deal have not been disclosed. Founded in 1986, HyComp operates from a single location in Cleveland where it has approximately 120 employees. In a statement, Saint-Gobain Performance Plastics described HyComp as a leading supplier of composite components made with proprietary carbon fibres and thermoplastic materials, used in applications such as actuation and electric systems on aircraft, as well as wear rings and air rotary valves for the canning and rolling mills markets.

"HyComps joining Saint-Gobain gives us the opportunity to broaden our portfolio of critical parts for high-temperature and long-life applications in aerospace and industrial applications, said Jean Angus, general manager of Saint-Gobain Performance Plastics seals division. The HyComp management teams years of experience will help us to continue to make a material difference for our customers. The operations design, engineering, and quality control processes, coupled with pioneering, advanced thermoplastic and thermoset manufacturing capabilities, have provided customers with unique, complex parts critical for demanding applications over the years. Its a perfect fit for Saint-Gobain."

Also headquartered in Ohio, Saint-Gobain Performance Plastics has about 6,500 employees across 58 manufacturing sites. The business is part of building materials company Saint-Gobain, which is based in France and had about US$46 billion in global sales in 2017. In Canada and the U.S., Saint-Gobain has approximately 150 locations and more than 15,000 employees, and reported sales of approximately USD6 billion in 2017.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil.
Category:General News
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