Hexcel announced that the acquisition with ARC Technologies has entered the final agreement phase. ARC Technologies is the largest supplier of microwave and RF absorbing materials in the United States, focusing on the R & D, production and sales of RF / electromagnetic interference absorbing composites that can be customized for military, aerospace and industrial applications.
The acquisition strengthens Hexcel's existing advanced materials portfolio of structural composites and thermoplastic composites, providing new opportunities for the company's performance growth and market penetration.
Founded in 1988, ARC Technologies is a private company with 170 employees and two manufacturing sites in Amesbury, Massachusetts, USA. The company has a wide range of professional production capabilities, which can manufacture radio frequency / electromagnetic interference absorbing materials, and mix absorbent metal filler compounds such as carbon, iron, and nickel-coated graphite with polymer resins to produce structural composites and thermoplastics. Various substrate materials.
"The acquisition will combine two outstanding research and technology teams to further enhance the research and development of next-generation commercial / military aerospace and defense military products. Dedicated to maintaining strong customer relationships and focusing on innovative solutions, so that we can grow and improve our business. "
ARC Technologies founder and CEO Daniel P. Healey, III said: "This acquisition is an important step in strengthening our capabilities in RF absorbing materials, thermoplastic products and specialty composites. Hexcel has a reputation for producing high-performance structural materials. , I believe this acquisition will benefit the company and all employees. "
ARC Technologies expects to generate approximately $ 50 million in revenue in 2018. The purchase price agreed in this acquisition is US $ 160 million, which is equivalent to 11.9 times the expected adjusted EBITDA in 2018. The transaction is expected to increase Hearst's 2019 earnings and is subject to customary commercial and regulatory conditions and approvals. The transaction is expected to close in early 2019.