Kordsa has signed a definitive agreement to acquire approximately 96% share of Axiom Materials, a manufacturer of composites for aerospace and industrial applications for US$181 million.

‘We continue our growth moves in the composite technologies that we entered with our first investment in 2013,’ said Kordsa chairman, Cenk Alper. ‘As part of our inorganic growth targets, following the acquisition of three composite firms in 2018, we have taken the necessary steps to acquire yet another composite company based in the US. In order to leave behind long approval processes in aircraft parts and space vehicles, we set out to acquire Axiom Materials, an approved supplier for aerospace industry. With this acquisition, we will lead the advanced composite technologies for the next generation industrial and transportation applications, as well as the aerospace industry.’

This story uses material from Kordsa, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.