Saint-Gobain Performance Plastics announced at a press conference that it has acquired HyComp.
Saint-Gobain Performance Plastics is a manufacturer of high-performance polymer products. Composites manufacturer HyComp is headquartered in Middelburg Heights, Ohio.
The press release said HyComp's products are made of carbon fiber and thermoplastics for use in aircraft drive and power systems, as well as wear rings and air rotary valves in the canning and rolling mill markets.
HyComp's products are made of carbon fiber and thermoplastics for use in aircraft drive and power systems, as well as wear rings and air rotary valves in the canning and rolling mill markets.
Jean Angus, General Manager, Sealing Plastic Sealing at High Performance, Saint-Gobain, said in a press release, "HyComp's participation in Saint-Gobain gave us the opportunity to expand the portfolio of key components for high temperature and long-term applications in aerospace and industrial applications, many years of experience with HyComp's management team Will help us continue to provide substantial changes to our customers.The design, engineering and quality control processes of this operation, combined with the manufacturing capabilities of first-of-its-kind, advanced thermoplastics and thermosets, have provided unique and complex components to our customers ... over the years. This fits perfectly with Saint-Gobain. "
Company spokesman Bill Seiberlich said the purchase price was not disclosed.
The press release said HyComp has about 120 employees. Saint-Gobain High Performance Plastics employs about 6,500 people in 58 manufacturing facilities. The company is part of the French construction materials company Saint-Gobain. Saint-Gobain is headquartered in France with global sales of approximately $ 46.1 billion in 2017.