METYX Acquires new Facility in Hungary

METYX Composites have announced the acquisition of North American Bus Industries’ (NABI) former production facilities in Kaposvar, Hungary.

The transaction, which was completed on the 14th of November includes a state-of-the-art composites manufacturing facility and ancillary buildings totalling 12,000 square metres of closed space; over 230,000 square metres of industrial land; and a highly skilled workforce.

NABI Kaposvar built full composite city buses from 2002 to 2013 for American cities, including Los Angeles, Phoenix, Tampa, and others. The facility employed 230 people with an extensive knowledge-base in composites and 11 years of experience in high-end composites manufacturing.

The NABI team in Hungary were trained at the TPI Composites’ facilities in the United States from 2001 to 2002. Scottsdale, Arizona-based TPI is a global provider of structural composites products for the wind energy, military, and transportation markets.

The expansion for METYX adds to the acquisitions of LEDA and ACT assets in Mondavio, Italy in 2012 and marks a substantial achievement toward the METYX Composites vision of building a global manufacturing network.

The former NABI facility will function as METYX Composites Hungary beginning the first quarter of 2014. Ugur Ustunel, Co-Director METYX Composites explains the plan:

We will duplicate some our existing METYX Composites business units in Hungary to strengthen our presence in Europe and to provide logistical advantages to regional customers and beyond. In parallel, we will follow opportunities in downstream composite products with the goal of developing new products and services to support our elite customer base.

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