Hexcel to Acquire Fiberite Assets, Continuing Composites Consolidation

Chemical Market Reporter, April, 1997

CONTINUING ITS BUILDUP in the composites market, Hexcel Corporation has agreed to acquire selected assets and businesses of Fiberite Inc. for $300 million in cash and certain assumed liabilities but no debt. Fiberite is a supplier of advanced composite materials for aerospace, industrial and recreational applications.

When the deal is completed, Hexcel will acquire certain prepeg operations along with Fiberite's ablatives, carbon-carbon, molding and engineered components businesses. These businesses had sales of about $200 million last year with facilities in Tempe, Ariz.; Newark, Del.; Winona, Minn.; Delano, Pa.; Greenville, Tex.; and a small plant in Courelles-les-Lens, France. Fiberite's Orange, Calif., and Oestringen, Germany, operations, valued at...

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