Bayer MaterialScience said it has finalised acquisition of Thermoplast Composite GmbH (TCG) specialising in production of thermoplastic fibre composites.
“Bayer MaterialScience will use the acquisition to expand its range of products for important industries and thereby strengthen its leading position,” it said in a press release.Bayer MaterialScience said it has finalised acquisition of Thermoplast Composite GmbH (TCG) specialising in production of thermoplastic fibre#
“The takeover of TCG gives Bayer MaterialScience access to innovative technology know-how as well as key patents and facilities,” it added.
Bayer MaterialScience plans to expand TCG’s production capacity at its various plants beginning from the Nuremberg metropolitan region to optimally supply customers.
Bayer MaterialScience is already active in the development and marketing of composite solutions based on polyurethane systems.
“We are seeing significant demand and growth opportunities for composites made from thermoplastic materials such as polycarbonate,” said Markus Steilemann, head of the Polycarbonates Business unit.
He too added, “By getting into the development and production of the corresponding composites, we want to become one of the driving forces in this industry.
“We expect promising opportunities above all in the IT, automotive and transportation industries, as well as in consumer goods, which would further strengthen our position.”
Bayer MaterialScience has long been supplying numerous industries with products and application solutions based on polycarbonate and its associated blends.
This material is extremely lightweight, strong, freely formable, easy to process and can be recycled multiple times.
The company has also been working for some time now on the development of polycarbonate composites.
“By acquiring TCG, we have now filled the last gaps in our processing technology know-how,” said Dr. Olaf Zöllner, head of Polycarbonate Applications Development for Europe.
Dr. Herbert Börger and Ingolf Knaup, managing partners of TCG, see great benefits for their company in the partnership with Bayer MaterialScience.
According to them, TCG can now, more quickly and comprehensively, realise the industrial manufacturing and broad-based market introduction of unidirectional thermoplastic advanced composites.
Thermoplast Composite GmbH was established in 2007 and currently has twelve employees. In addition, the company also specialises in ultra-lightweight foams and engineering services. (AR)
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