top-left-banner

Tuesday, Sep 16th

Last update10:05:55 PM GMT

TwitterLinkedinYoutubeGoogleFeed

Banner

User1

User2c

User3

You are here: Manufacturing Cambridge role in Sumitomo Bakelite $265m US acquisition

Cambridge role in Sumitomo Bakelite $265m US acquisition

David-Schofield

Market and technical intelligence from Cambridge UK based Future Materials Group has helped Japanese client Sumitomo Bakelite conclude a 100 per cent acquisition of Vaupell Holdings Inc in Seattle.

The acquisition of the US business for over $265 million makes it one of the most significant deals in the composites and plastics technology sector in 2014.

Future Materials Group, a strategic advisory group specialising in the advanced materials and High-Value Manufacturing sectors, has been working closely over several years with material science specialist Sumitomo Bakelite to define the company’s strategy for growth and to deliver acquisition assistance. It has provided extensive target search services, validation and full due diligence – both technical and commercial.

The acquisition of Vaupell, a market leader in aircraft interior subassemblies and airframe components, will allow Sumitomo Bakelite to extend the leading position of its High Performance Plastic division in automotive components into the dynamic aircraft interiors market.

David Schofield, MD, Future Materials Group, said: “We are pleased to have successfully advised Sumitomo Bakelite, in what is an exciting time for the aircraft interiors industry.

“Combining Vaupell’s key technology with Sumitomo Bakelite co. Ltd.'s status as one of the world's largest multinational providers of high performance plastics, positions this new synergy as a leading force within the aircraft interiors market.”

Henny Van Dijk, managing executive officer, responsible for European Operations for Sumitomo Bakelite added: “Future Materials Group has been instrumental in providing sector strategy to us over recent years. FMG investigated the essential business rationale, and confirmed that both firms were able to gain synergies from markets and technologies.”

Share/Save/Bookmark