Mitsubishi Chemical Advanced Materials AG (MCAM), a leading global manufacturer of high-performance materials, today announced that it has entered into an agreement for the acquisition of c-m-p GmbH (c-m-p) through its German subsidiary Mitsubishi Chemical Advanced Materials GmbH. The transaction is expected to close in early March 2020. With the addition of c-m-p, both companies can further strengthen their market position in the composites world, as well as developing future composite materials. The acquired entity had been a 50:50 partnership between the original founders of c-m-p GmbH and DowAksa B.V. Through this acquisition, MCAM acquires 100% of the shares of c-m-p.
“Within Mitsubishi Chemical Advanced Materials (MCAM), the acquisition enhances our ability to produce prepreg solutions for customers in Europe, a further step in our mission of metal to plastic conversion which began more than 80 years ago,” says Michael Koch, CEO Mitsubishi Chemical Advanced Materials. “MCAM, a fully owned subsidiary of Mitsubishi Chemical Corporation (Tokyo, Japan), identified c-m-p GmbH (c-m-p) as a leader in its areas of expertise and plans to preserve and enlarge c-m-p’s unique market identity. Strategic corporate development activities, such as the c-m-p acquisition, contribute to MCAM’s ability to grow rapidly and consistently while maintaining quality and innovation.”
Following the acquisition, c-m-p can benefit from Mitsubishi Chemical’s world-wide network of industry partners, customer relationships and technology developments, while bringing new technologies, specialized skills and market expertise into the group. Through the Mitsubishi Chemical network, new materials and applications will be further developed for the aviation industry, as well as automotive, sports equipment and utility services. With the acquisition of c-m-p, Mitsubishi Chemical will become capable of producing prepreg materials (resin-coated carbon fabric) in Europe, in addition to Mitsubishi Chemical’s capabilities in Asia and USA.
“On behalf of my co-founding shareholders, Michael Juerissen and Dr. Jan Verdenhalven, I welcome Mitsubishi Chemical Advanced Materials (MCAM) as the new owner,” says Rolf Dothagen, Managing Director c-m-p GmbH (c-m-p). “Becoming an important part of the large global network of Mitsubishi Chemical will allow to develop c-m-p to the next level becoming an even stronger technical and commercial prepreg partner to its customers.”
“DowAksa is proud of being part of the c-m-p GmbH history and growth story,” says Douglas Parks, CEO DowAksa. “This announcement marks another important step in this success story. Customers, employees and stakeholders will benefit from Mitsubishi Chemical’s global reach and experience. DowAksa will continue its focus on providing innovative carbon fiber composite solutions for the global wind and automotive markets, as well as the specific needs of the Turkish aerospace/defense industry.”
Source: Mitsubishi Chemical Advanced Materials