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 and DowAksa Through this acquisition, MCAM acquires 100% of the shares of c-m-p.
Michael Koch, CEO Mitsubishi Chemical Advanced Materials says:
“Within Mitsubishi Chemical Advanced Materials, 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. MCAM, a fully owned subsidiary of Mitsubishi Chemical Corporation (Tokyo, Japan), identified 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 worldwide 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.
Rolf Dothagen, Managing Director c-m-p, says:
“On behalf of my co-founding shareholders, Michael Juerissen and Dr. Jan Verdenhalven, I welcome Mitsubishi Chemical Advanced Materials as the new owner. 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.”
Douglas Parks, CEO DowAksa, says:
“DowAksa is proud of being part of the c-m-p history and growth story. 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.”