METYX Composites Secures LEDA and ACT Group Assets
METYX Composites have completed the acquisition of all LEDA assets Mondavio, Italy facility as well as some of the major assets from Advanced Composite Technology also located in Mondavio.
The acquisition of these new assets emphasises the importance of kitting operations in METYX Composites business strategy. The LEDA facility in Mondavio was one of the leading kitting operations in Europe until the recession, the facility was equipped with automated lines for foam and reinforcements kits.
ACT Group, formed in 1996, was one of the pioneers in advanced composite structures. It was also among the first companies in Europe to use vacuum infusion technology in the production of large components like the hulls and decks of the high-performance 120-foot Pershing boats. ACT Group embarked on many innovative projects in marine and wind energy industries until the recent downturn in the marine industry in Italy.
Ugur Ustunel Co-Director of METYX Composites said;
We have had a long history of cooperation with both LEDA and ACT management. Although we lament the economic factors that affected the marine industry in the region, we gladly welcomed the opportunity to bid on LEDA and ACT assets during the liquidation process so that we can expand on their ground-breaking work. Our engineers worked together with LEDA and ACT engineering teams to complete the transfer of their assets to our new facility in Manisa, Turkey.
The company expect that all new machinery and equipment will be operational at the Manisa facility by the Autumn.