Arlington Capital Partners is a Washington, DC-based private equity firm that is focused on investing in growth industries including aerospace & defence, government services and technology, healthcare, and business services and software.

The operations cover approximately 800 thousand square feet of factory space and employ approximately 600 people. The composites business provides structural and engine composite fabrications and assemblies across commercial, business jet, and defence platforms. Key programs supported by the sites include Boeing 787, 777 and V-22, Airbus A320, A330 and A350, Embraer E-2, Northrop Grumman Global Hawk, as well as the Gulfstream G650/700.

The transaction is subject to customary closing conditions and is expected to close in Triumph’s second quarter of FY21. Following the close of the transaction, the business will retain its management, technical and supporting staff, and will continue operations at the current facilities.

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We are delighted to be able to continue to build on the strong market position developed over many years by Summit Composites. We are looking forward to serving our highly valued customers and cementing a long-term sustainable presence in the Australian composites market.

Kevin Matthews, Scott Bader’s Group Chief Executive Officer

Members of the existing Summit Composites team have accepted new positions in Scott Bader Australia Pty Ltd

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Although we are disappointed with this outcome, we are confident this is the right decision for our customers, our shareholders, and our employees as it allows each of us to dedicate our focus and resources toward ensuring Woodward and Hexcel each remain strong and closely connected with our customers and supply chains during these unparalleled times

The termination was approved by the Boards of Directors of both companies and is in response to the increasing impact on both the aerospace and industrial sectors, and global markets broadly, resulting from the health crisis caused by the COVID-19 pandemic. The pandemic has resulted in a need for each company to focus on its respective businesses and has impacted the companies’ ability to realize the benefits of the merger during these unprecedented times.

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Under terms of the agreement, Huntsman will pay $300 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity.  Based on full-year 2019, the purchase price represents an adjusted EBITDA multiple of approximately 10 times, or between approximately 7 to 8 times pro forma for synergies, the lower multiple end being dependent upon normal growth market conditions.  The transaction is expected to close around midyear of 2020.

Founded in 1982, the company manufacture speciality products for high-performance thermoset systems including epoxy resins, reactive liquid polymers, epoxy-functional reactive modifiers, elastomer modified epoxy resins and curing agents, catalysts and accelerators.

In these uncertain times, our financial strength will allow us to keep looking for these types of acquisitions, while at the same time maintain a conservative balance sheet and opportunistically repurchase shares

Peter Huntsman, Chairman, President and CEO

With manufacturing facilities in Akron, Ohio, and Maple Shade, New Jersey CVC Thermoset Specialties has annual revenues of approximately $115 million. Under terms of the agreement, Huntsman will pay $300 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. Based on full-year 2019, the purchase price represents an adjusted EBITDA multiple of approximately 10 times, or between approximately 7 to 8 times pro forma for synergies, the lower multiple ends being dependent upon normal growth market conditions.  The transaction is expected to close around midyear of 2020.

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Founded in 2011 and located in Heinsberg Germany, C-M-P GmbH specialises in the development and manufacturing of customised prepregs and textiles made of carbon and other high-performance fibres.

With the addition of c-m-p, both companies can further strengthen their market position in the composites industry, as well as developing future composite materials. The acquired entity had been a 50:50 partnership between the original founders of c-m-p GmbH and DowAksa B.V. Through this acquisition, MCAM acquires 100% of the shares of c-m-p.

Within Mitsubishi Chemical Advanced Materials (MCAM), the acquisition enhances our ability to produce prepreg solutions for customers in Europe, a further step in our mission of metal to plastic conversion which began more than 80 years ago Michael Koch, CEO Mitsubishi Chemical Advanced Materials

The acquisition which is expected to be finalised in early March 2020 gives Mitsubishi Chemical the capability of producing prepreg materials in Europe, in addition to Mitsubishi Chemical’s capabilities in Asia and USA.

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In a deal worth over $6 billion the companies said existing Woodward shareholders will own approximately 55% and existing Hexcel shareholders will own approximately 45% of the combined company on a fully diluted basis. In connection with the transaction, Woodward is increasing its quarterly cash dividend to $0.28 a share. The merger is expected to be tax-free for US federal income tax purposes.

The combined company, to be named Woodward Hexcel and headquartered in Fort Collins, Colorado , will be among the top independent aerospace and defence suppliers globally by revenue. It will have more than 16,000 employees, manufacturing operations in 14 countries on five continents, and a diversified customer base across multiple markets. For each company’s respective fiscal year 2019 on a pro forma basis, the combined company is expected to generate net revenues of approximately $5.3 billion and EBITDA of $1.1 billion, or a 21% EBITDA margin.

Nick Stanage, Chairman, Chief Executive Officer and President of Hexcel, will serve as Chief Executive Officer of the combined company. Tom Gendron, Chairman, Chief Executive Officer and President of Woodward, will serve as Executive Chairman of the combined company until the first anniversary of the closing of the merger, at which time Mr. Gendron intends to retire from the company and will then serve as non-executive Chairman of the combined company until the second anniversary of the merger close. At that point, Mr. Stanage will assume the role of Chairman of the Board in addition to his CEO responsibilities. The combined company’s Board of Directors will have 10 members, consisting of five directors from each company, including Mr. Gendron and Mr. Stanage.

The transaction is subject to the approval of the shareholders of both Woodward and Hexcel, as well as other customary closing conditions, including required regulatory approvals. The parties expect the merger to close in the third calendar quarter of 2020, subject to satisfaction of these conditions.

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With the purchase of the UK based distributor, BÜFA is not only expanding its presence in the UK market but also consolidating its position as a speciality manufacturer for the composites market in Europe.

We are glad to strengthen our trusting, successful cooperation with BÜFA, and at the same time create a stronger company in the UK.  This will serve our customers even better and create a bright future for our UK employeesJoe Salley, Global CEO AOC Aliancys

Resins from AOC Aliancys, who have supplied BÜFA Composite Systems for more than 50 years, are transformed into specialities by the Rastede-based chemical company. The complete package also includes a long-standing sales partnership in numerous European markets.

The company will officially change over from the 3rd of March and will offer its existing product range In combination with the BÜFA specialities product range.

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Polynt Composites will continue to own and operate its resin and gel coat blending operations in Brampton, Ontario and Drummondville, Quebec, to provide these products to Composites One and the market. Polynt-Reichhold will now focus its resources on manufacturing resins, gel coats, and other specialities while maintaining a channel to market through Composites One.

Our goal with this acquisition is to provide all of our customers in Canada with the products, support and service to help them to grow their businesses and be successful Leon Garoufalis , President and COO of Composites One

Polynt-Reichhold Group is the world’s largest manufacturer of composites for the industrial, transportation, building, construction and marine industries. The Company is also one of the largest manufacturers of specialities and intermediates for the medical, consumer and food additive markets.

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Ahlstrom-Munksjö’s Mikkeli plant produces glass and carbon-based reinforcement fabrics. Their main product offering consists of speciality glass fibre reinforcements for the wind energy market as well as for other end-uses including marine and transportation applications as currently manufactured in Mikkeli. At the end of 2018, the plant employed about 100 people.

The company’s net sales were approximately EUR 30 million and the divestment will not have a material impact on Group’s comparable EBITDA. The debt-free purchase price is EUR 6.5 million. The transaction is expected to be completed during the fourth quarter of 2019 and is subject to customary closing terms. The Mikkeli plant is part of Ahlstrom-Munksjö’s Filtration and Performance business area.

We are excited about expanding our glass fibre reinforcement business and welcome our new colleagues to the Vitrulan family. Together, we will set the course for the next steps, Ralf Barthmann, CEO of the Vitrulan Group

Ahlstrom-Munksjö will continue to produce glass fibre tissue at its plants in Karhula, Finland, and Tver, Russia. and plans to grow its market position further. The glass fibre reinforcement business will bring significant growth to Vitrulan Group which produces highly resilient glass fibre-based woven materials. Vitrulan has approximately 400 employees and generates net sales of approximately EUR 60 million. Its woven materials are used in public and private buildings, reinforcing and backing fabrics, laminates and special products.

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TK Industries is a specialised fabric manufacturer based in Selbitz, Germany. At its production site, the company only processes carbon fibres with the latest multiaxial production technology. This technology is optimised for the use of cost-efficient 24k and 50k rovings and according to this, the products manufactured by TK Industries perfectly complement the Saertex range of multiaxial fabrics. Customers can be found in the industrial and transport sectors, especially in boat building and automotive industry. Other areas of application include wind energy and infrastructure.

The goal is to grow together and use common resources in purchasing, production and distribution. We have seen initial successes and are confident that, through the close collaboration, we will further enhance our range of multiaxial carbon fabrics. Our strength lies in spreading heavy tows at low areal weights and processing them into lightweight NCFs. Mirko Ackermann, operations manager TK Industries

In addition to new opportunities for Saertex, the acquisition of TK Industries will provide additional capacity in the short term to meet the ever-increasing demand for carbon fibre fabrics and thus enable improved delivery times for its customers.

With a turnover of approximately €350 million Saertex is a market leader for manufacturing multiaxial non-crimp fabrics and core materials for the production of fibre-reinforced composites.

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