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Shimtech Further Strengthens Position in Composites with U.S Acquisition - Shimtech Industries (“Shimtech”), the fast-growing, international aerospace components supplier, announces that it has acquired, US-based, Angeles Composites Technologies, Inc. (“ACTI”) - ShimtechGroup.com
Shimtech Further Strengthens Position in Composites with U.S Acquisition

 

PRZOOM - /newswire/ - Hayes, Middlesex, United Kingdom, 2015/06/15 - Shimtech Industries (“Shimtech”), the fast-growing, international aerospace components supplier, announces that it has acquired, US-based, Angeles Composites Technologies, Inc. (“ACTI”) - ShimtechGroup.com.

   
 
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Already the global market leader in the specialist field of aerospace Gap Management solutions, this latest acquisition further cements Shimtech’s position as a world class composite structures supplier. It follows the 2013 acquisition and subsequent, multi-million dollar expansion, of Performance Plastics, Inc, . based in San Diego, California.

Operating from a purpose-designed campus in Port Angeles, close to the major aerospace corridor of Seattle, Washington, US, ACTI is a world-class supplier of advanced structural composite assemblies.

ACTI’s capabilities include the design and manufacture of autoclave and oven-cured composite components and structures including high temperature materials, CNC machining, tooling and final assembly of primary and secondary airframe substructures.

Key programmes supported by ACTI include the F-35, F-22, B737, B777, B787 together with Bombardier’s Global Express and Q400.

Typical products manufactured by ACTI include aircraft flight control surfaces, nacelles, fairings, cowls, panels, doors and brackets as well as a variety of other reinforced thermoset components and structures.

Commenting on the acquisition, Shimtech CEO, Howard Kimberley said:

“ACTI has a very broad capability base and a reputation for providing high quality, cost-effective, build-to-print solutions for composite parts as well as large, complex structural sub-assemblies.

“As well as more than doubling our current autoclave and lay-up capacity, the acquisition of ACTI provides a significant up-shift in the size, scale and complexity of Shimtech’s capability.

“With the integration of ACTI, we can now fabricate much larger composite structures of up to 40ft (12m) in length with a cross section of up to 10ft (3m). This now establishes Shimtech as a cost effective source for larger fuselage, wing and empennage structures.

“We also now join a small group of specialist suppliers worldwide with the capability to cure at the highest possible temperatures required by higher performance thermoset materials and resin systems.

“With this latest move we are excited about the future. The acquisition of ACTI adds both scale and strength to our Composite Engineered Structures division and will further enhance our ability to deliver value to our global customers.”

Visit Shimtech (shimtechgroup.com) at Stand D192 in Hall 4 at the International Paris Air Show 2015

 
 
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Agency / Source: Shimtech Industries Ltd

 
 

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Shimtech Further Strengthens Position in Composites with U.S Acquisition

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Contact: Howard Kimberley - ShimtechGroup.com 
+44(0)77 1362 5461 Howard.KImberley[.]shimtechgroup.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Shimtech Industries Ltd securities in any jurisdiction including any other companies listed or named in this release.

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