Mitsubishi Chemical Advanced Materials Acquires c-m-p GmbH

PR82590

LENZBURG, Switzerland, January 21, 2020 /PRNewswire=KYODO JBN/ --

Mitsubishi Chemical Advanced Materials AG (MCAM), a leading global manufacturer

of high-performance materials, today announced that it has entered into an agreement

for the acquisition of c-m-p GmbH (c-m-p) through its German subsidiary Mitsubishi

Chemical Advanced Materials GmbH. The transaction is expected to close in early March 2020.

With the addition of c-m-p, both companies can further strengthen their market

position in the composites world, as well as developing future composite materials.

The acquired entity had been a 50:50 partnership between the original founders of

c-m-p GmbH and DowAksa B.V. Through this acquisition, MCAM acquires 100% of

the shares of c-m-p.

"Within Mitsubishi Chemical Advanced Materials (MCAM), the acquisition enhances

our ability to produce prepreg solutions for customers in Europe, a further step in

our mission of metal to plastic conversion which began more than 80 years ago,"

says Michael Koch, CEO Mitsubishi Chemical Advanced Materials. "MCAM, a fully

owned subsidiary of Mitsubishi Chemical Corporation (Tokyo, Japan), identified

c-m-p GmbH (c-m-p) as a leader in its areas of expertise and plans to preserve

and enlarge c-m-p's unique market identity. Strategic corporate development

activities, such as the c-m-p acquisition, contribute to MCAM's ability to grow

rapidly and consistently while maintaining quality and innovation."

Following the acquisition, c-m-p can benefit from Mitsubishi Chemical's world-wide

network of industry partners, customer relationships and technology developments,

while bringing new technologies, specialized skills and market expertise into the group.

Through the Mitsubishi Chemical network, new materials and applications will be further

developed for the aviation industry, as well as automotive, sports equipment and utility

services. With the acquisition of c-m-p, Mitsubishi Chemical will become capable of producing

prepreg materials (resin-coated carbon fabric) in Europe, in addition to Mitsubishi Chemical's

capabilities in Asia and USA.

"On behalf of my co-founding shareholders, Michael Juerissen and Dr. Jan Verdenhalven,

I welcome Mitsubishi Chemical Advanced Materials (MCAM) as the new owner," says

Rolf Dothagen, Managing Director c-m-p GmbH (c-m-p). "Becoming an important part of

the large global network of Mitsubishi Chemical will allow to develop c-m-p to the next level

becoming an even stronger technical and commercial prepreg partner to its customers."

"DowAksa is proud of being part of the c-m-p GmbH history and growth story",

says Douglas Parks, CEO DowAksa. "This announcement marks another important step

in this success story. Customers, employees and stakeholders will benefit from Mitsubishi

Chemical's global reach and experience. DowAksa will continue its focus on providing

innovative carbon fiber composite solutions for the global wind and automotive markets,

as well as the specific needs of the Turkish aerospace/defense industry."

About Mitsubishi Chemical Advanced Materials

Mitsubishi Chemical Advanced Materials is a leading global manufacturer of high-performance

materials in the form of semi-finished products and finished parts. The company has locations

in 20 countries and more than 2,800 employees. Its specialty engineering thermoplastics and

composites are superior in performance to metals and other materials and are used in a wide

range of applications, primarily in the capital goods industry. The company is continuously

developing new areas of applications in close cooperation with industry leaders in a broad

variety of customer markets. The Mitsubishi Chemical Advanced Materials Group is well

prepared to further expand its market leadership position.

For more information, please visit www.mcam.com

About DowAksa

Established in 2012, DowAksa is 50:50 joint venture between The Dow Chemical Company

and Aksa Akrilik Kimya Sanayii A.ª. Combining the strengths of both partners, the joint venture

manufactures and commercializes carbon fibers and derivatives with a specific focus on

the energy, infrastructure and transportation markets.

As one of the largest chemistry and science-based companies, Dow Chemical Company,

based in Midland, Michigan, offers world-class capabilities and global reach along with proven

technologies in the area of composites as well as formulation and technical service capabilities.

Aksa, based in Yalova, Turkey, is the world's largest producer of acrylic fibers,

a key raw material in the production of carbon fibers.

Together, Dow and Aksa share a strong focus on bringing innovations and new

solutions into carbon fiber markets. Learn more at www.dowaksa.com

About c-m-p GmbH

c-m-p GmbH is a globally active and technologically leading company, which has

specialised in the development and manufacturing of highest quality, customized

prepregs and textiles made of carbon and other high-performance fibers.

Founded in 2011, c-m-p – which is located in the Oberbruch Industrial Park in

Heinsberg – quickly became successfully established on the market as a powerful

and reliable technology partner. It has one of the most internationally experienced

and distinguished teams in the industry – and thus uniquely combines the dynamics

and innovative power of a young, medium-sized company with the deep industry

knowledge and extensive know-how from more than 40 years of experience in

the composite sector. Learn more at www.c-m-p-gmbh.

Logo: https://mma.prnewswire.com/media/1079573/MCAM_Logo.jpg  

Logo: https://mma.prnewswire.com/media/1079572/DowAksa_Logo.jpg  

Logo: https://mma.prnewswire.com/media/1079571/CMP_Logo.jpg

Further information can be obtained from:

Frank Schilling, Group CFO                                          

Frank.Schilling@mcam.com

Mitsubishi Chemical Advanced Materials AG

Talstrasse 70, 8001 Zurich, Switzerland

Phone +41-44-213-6666

mcam.com

Source: Mitsubishi Chemical Advanced Materials AG