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September 17, 2019Cart

Business

by Fairfield County Business Journal
by FCBJ

Hexcel completes acquisition of Structil SA

Hexcel Corp. has completed the acquisition of all of the shares of Structil SA, a French producer and supplier of high-performance composites to the aerospace, defense and industrial markets. Financial terms were not disclosed.

As previously reported, Structil has been a joint venture between Safran Ceramics, a

wholly owned subsidiary of Safran, and Mitsubishi Chemical Corp. Approximately 70 people work at the 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. Product lines include prepregs, structural adhesives and pultruded profiles used in engine nacelles, aerospace interiors, military jets and more.

Based in Stamford, Hexcel develops, manufactures and markets lightweight, high-performance structural materials including carbon fibers and specialty reinforcements for use in commercial aerospace, space and defense and industrial applications.