Hexcel Completes Structil Acquisition

STAMFORD, Conn. — October 2, 2017 – Hexcel Corp. announced today that it has completed the acquisition of all of the shares of Structil S.A., a French producer and supplier of high-performance composites to the aerospace, defense and industrial markets.

Structil is a joint venture between Safran Ceramics, a wholly owned subsidiary of Safran, and Mitsubishi Chemical Corp. (formerly Mitsubishi Rayon Corp.). The company employs approximately 70 people at a 68,000-square-foot production plant on a 7-acre site in Vert-le- Petit, France, about 25 miles south of Paris. Structil’s 2016 sales were approximately $21 million. The company’s product lines include prepregs, structural adhesives and pultruded profiles used in engine nacelles, aerospace interiors, military jets and more.

Hexcel’s Chairman, CEO and President, Nick Stanage, said: “We are pleased to complete the transaction and to welcome the Structil team to Hexcel. Together, we will strengthen our development capability and technologies for next-generation aerospace and industrial applications.”

Posted October 2, 2017

Source: Hexcel Corp.