Cytec have announced that they have completed the acquisition of Umeco Plc, a process that begin back in April of this year The $439 million acquisition is in line with Cytec’s growth strategy to expand the companies status in the industrial sector and to bolster its technology in advanced composites. Cytec hopes that the companies [...]
A consortium, led by Umeco and partnered by Aston Martin Lagonda, Delta Motorsport Ltd., ABB Robotics and Pentangle Engineering Services Ltd., has been created to look into the potential for using high-performance composites in mainstream automotive applications. Named ACOMPLICE which stands for Affordable COMPosites for LIghtweight Car StructurEs the partnership will look at the growing [...]
Cytec Industries announced today it has initiated a formal sale process for its Coating Resins business.
Cytec Industries have today announced its firm intention to acquire all of the outstanding shares of Umeco plc, in an all-cash transaction valued at approximately $439 million (£274.3 million based on a 1.60 exchange rate). The board of directors of Umeco intends to unanimously recommend the transaction to Umeco shareholders. The acquisition of Umeco will [...]
Along with Advanced Composites Group, GRPMS, JD Lincoln and Richmond Aerovac will all undergo a name change.
The Rt Hon Dr Vince Cable MP, Secretary of State for the Department of Business, Innovation and Skills. Dr Cable formally opened the National Composites Centre (NCC) in Bristol.
Umeco Composites Structural Materials welcomed Lord Green, Minister of State for Trade and Investment, to its advanced composites R&D and manufacturing site in Heanor, Derbyshire on Wednesday.
Fourteen companies have agreed to join with Oak Ridge National Laboratory to establish the Oak Ridge Carbon Fibre Composites Consortium
Prepreg material from Advanced Composites Group have been used in an exciting project by Kansas University’s school of Aerospace Engineering
Advanced Composites Group Inc, a part of Umeco Composites Structural Materials has been awarded $1.967 million from the United States Navy for research and development efforts in support of its Out-of-Autoclave processable materials and technology.