On November 20, the official website of the United States Albany International Corp. (Albany International Corp.) said that it had acquired the German private company CirComp, which is committed to developing and manufacturing high-performance composite parts.
CirComp is located in Kaiserslautern, Germany. The company was founded by Dr. Ing. Ralph Funck and is dedicated to the design and production of customized engineered composite materials for aerospace and other high-end fields. This acquisition improves the brand portfolio of Albany International Corporation, enriches advanced composite component production technology, enhances the company's innovative position in advanced composite technology and automation, and establishes the company's geographic influence in Europe. So as to better serve global customers.
Olivier Jarrault, President and CEO of Albany International, said: "We welcome Dr. Funck and the CirComp team to join Albany International. We combine two companies with innovative capabilities in high-performance composite design and technology. Together, both companies have strong automated process development capabilities. CirComp will become an important part of Albany International. We will combine our knowledge and make full use of it to accelerate our thermoplastic compounding Technology development in the field of materials provides our customers with more innovative composite material solutions. "
Dr. Ing. Ralph Funck, Chairman of CirComp, said: "We are very pleased to join Albany International as a member of its Engineering Composites Group. The global influence and customer relationship of Albany will help CirComp continue to grow The two companies will jointly enhance the capabilities of both parties in advanced materials and engineering products. We can foresee that this acquisition will bring tremendous strategic results, enabling us to better serve our customers, and our employees and management team look forward to joining Austria Bernie. "