Teijin Co., Ltd. (Tokyo, Japan) announced that as of August 1, it had completed the acquisition of all shares in Renegade Materials Corp. (Springboro, Ohio, USA), a supplier of highly heat resistant thermoset prepregs.
Teijin said the acquisition of Renegade will expand its aerospace business and include production capacity for next-generation aircraft engine parts. Teijin will benefit from Renegade's proprietary technology in thermoset prepregs, which includes highly heat-resistant resins. Renegade develops and produces heat-resistant cycle prepregs made from low-toxic raw materials.
Teijin said it is strengthening its carbon fiber and intermediate materials businesses to strengthen its position as a solution provider for the aerospace industry. The company aims to have annual aerospace business sales of more than $ 900 million by 2030.
“We are increasingly focusing on the carbon fiber business in the aircraft sector as a top supplier to the world ’s leading aircraft manufacturers,” said Shukei Inui, general manager of Teijin ’s carbon fiber business unit. “Renegade ’s trusted technology and sales channels in this field, plus our The global sales network will introduce high-strength, lightweight, high-performance materials to a wider range of markets that provide environmentally friendly solutions to improve fuel efficiency. "
"We are excited to be part of Teijin ’s global family," said Eric Collins, CEO and Chief Financial Officer of Renegade Materials. "Teijin is committed to supporting our advanced materials and proprietary manufacturing processes, which enable us to sell and market through Plans to enter a wider market. There are now a lot of resources available to expand product development and manufacturing capabilities, thanks to Teijin's extensive expertise in carbon fiber and chemistry. "