CompositesWorld
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TRENDS Walton Process Technologies, Inc. Best Customer Service in The Industry www.autoclave s .com Mansfield TX 682-518-9002 Service/Repair Retrofit/Relocate Autoclaves Bond Presses Batch Process Controls Ovens Parts OVENS & FURNACES OVENS & FURNACES www.grievecorp.com 847-546-8225 Large-Capacity Walk-In Ovens Standard sizes to 786 cu. ft. Special sizes to your specs Gas & Electric models Choice of air flow patterns Temps to 1200ºF Large-Capacity Walk-In Ovens Standard sizes to 786 cu. ft. Special sizes to your specs Gas & Electric models Choice of air flow patterns Temps to 1200ºF NOVEMBER 2016 16 CompositesWorld Teijin Ltd. (Tokyo, Japan) announced Sept. 13 that it has agreed to acquire Continental Structural Plastics Holdings Corp. (CSP, Auburn Hills, MI, US) for US$825 million. CSP will become a wholly owned subsidiary through which Teijin intends to establish the foundations of a North American automotive composite products business and to accelerate its expansion as a Tier 1 supplier of high-perfor- mance composites to the global automotive market. The shares of CSP will be purchased by Teijin Holdings USA Inc., the Teijin Group's US-based holding company. The acquisition is scheduled to be completed in December 2016 after satisfaction of customary closing conditions, including regulatory approval. Since its establishment in 1969, CSP has become a leading manufacturer of thermoset composites in the auto industry and is now the world's largest sheet molding compound (SMC) manufacturer for automakers in the US, Europe and Japan. CSP provides full-service engineering support, and holds more than 50 patents covering materi- als development and manufacturing processes in compos- ite materials formulation and design. The company has 14 facilities in the US, Mexico, France and China and posted consolidated sales of more than US$634 million in 2015. AUTOMOTIVE Teijin to acquire Continental Structural Plastics