Mitsubishi Chemical Advanced Materials Acquires C-M-P
Mitsubishi Chemical Advanced Materials AG (MCAM) has 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.
Founded in 2011 and located in Heinsberg Germany, C-M-P GmbH specializes in the development and manufacturing of customized prepregs and textiles made of carbon and other high-performance fibers.
With the addition of c-m-p, both companies can further strengthen their market position in the composites industry, 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,” said Michael Koch, CEO, Mitsubishi Chemical Advanced Materials.
The acquisition which is expected to be finalized in early March 2020 gives Mitsubishi Chemical the capability of producing prepreg materials in Europe, in addition to Mitsubishi Chemical’s capabilities in Asia and the USA.