ACG acquired ACGSA in June 2006, its principal business being the supply of composite parts supplied to McLaren Automotive for the McLaren Mercedes SLR super car. The programme has now come to an end.

AAT Composites (Pty) Ltd, South Africa, specialises in the design and manufacture of composite parts for the aerospace and aviation industries.

The consideration payable for the business and assets is ZAR5.4 million (£0.5 million), subject to adjustment for working capital balances at completion.

Completion of the divestment is expected to occur on, or before, 30 June 2010.

UK headquartered Advanced Composites Group (ACG), part of Umeco Composite Structural Materials (UCSM), specialises in the manufacture of high performance composite materials for a range of industries.