TenCate has reached an agreement for the strategic acquisition of Performance Materials Corporation Baycomp from Camarillo (California), USA, the American and Canadian specialist company in composite materials moulding and thermoplastic uni-directional tape materials. No financial details will be provided at this stage. TenCate expects the purchase of Performance Materials Corporation Baycomp to be completed on or before April 2nd, 2012.
As a result of its global market base and presence in high-end composite markets, TenCate has the intention to expand the revenue potential of Performance Materials Corporation Baycomp (PMC Baycomp) in the near term, especially in its rapidly growing new market opportunities, such as the oil and gas sector and the mobility sector. The PMC Baycomp technology is one of the critical entry keys to new – high volume – markets for affordable composite materials and is a strategically significant acquisition for TenCate. Sufficient capacity exists at PMC Baycomp to support its near term growth, at the same time TenCate will also start production of similar uni-directional (UD) tape materials in Europe, in order to prepare itself for new market opportunities in European industrial markets.
The acquired company is the result of a merger between PMC and Baycomp, founded by Saint Gobain in 1985. PMC produces moulded parts and components from thermoplastic composite materials for a wide range of applications (medical, sporting goods, transportation, automotive and electronics). Baycomp is one of the very few specialized manufacturers of thermoplastic UD-tape materials. The Baycomp materials are especially suitable for applications in the automotive sector, oil and gas industry and other high-end industrial applications. Besides the manufacturing facilities in the US and Canada, PMC Baycomp has a representative office and R&D capability in Taiwan and a manufacturing (moulding) facility in China.
Thermoplastic high performance materials
‘TenCate is leading in thermoplastic composites for applications in the aerospace industry. The need for economical thermoplastic high performance composite materials outside these areas is rapidly expanding. This acquisition will broaden the activity base of TenCate in composite materials, especially in industrial applications such as the automotive sector and in the oil and gas industry’, states Dave Clarke, Group Director TenCate Advanced Composites. ‘The great advantage of thermoplastics is that their rapid processing enables industries to use these materials in high volume industrial manufacturing processes, wherein they can provide large cost benefits. With rising oil prices and CO2 emission restrictions, the automotive industry has a need to use these types of materials in their new generation vehicles. TenCate is well equipped to support this development, as we’ve already demonstrated in the aerospace industry for the last two decades.’
Complete range of composite materials
The acquisition of PMC Baycomp is a fully complementary enforcement of the existing range of thermoset and thermoplastic composite materials within the portfolio of TenCate. This acquisition will largely contribute to the recent formation of the TenCate Industrial Composites market group, besides the market groups TenCate Space Composites, TenCate Aerospace Composites and TenCate Advanced Armour. As solution provider, the ability to mould materials in house is supportive for a broad acceptance within a wide range of potential applications. Besides the production of materials, TenCate can also provide knowledge of manufacturing processes to designers, OEM’s (original equipment manufacturers) and industry partners, in order to use these materials in the most economically effective ways.
Royal Ten Cate
Almelo, the Netherlands, Tuesday 27 March 2012