Bawtry Investments acquires Axon Automotive
Axon Automotive has recently been 100% acquired by Bawtry Investments, which has purchased the controlling interest in Axon Automotive from Far-UK.
Hexcel completes Structil acquisition
Hexcel Corporation has announced that it has completed the acquisition of all of the shares of Structil, a French producer and supplier of high-performance composites to the aerospace, defence and industrial markets.
Structil is a joint venture between Safran Ceramics, a wholly owned subsidiary of Safran, and Mitsubishi Chemical Corporation (formerly Mitsubishi Rayon Corporation).
The company employs approximately 70 people at a 68,000ft2 production plant on a seven-acre site in Vert-le-Petit, France. Structil's 2016 sales were approximately $21 million. The company’s product lines include prepregs, structural adhesives and pultruded profiles used in engine nacelles, aerospace interiors, military jets and more.
Hexcel’s Chairman, CEO and President, Nick Stanage (pictured), said: “We are pleased to complete the transaction and to welcome the Structil team to Hexcel. Together, we will strengthen our development capability and technologies for next-generation aerospace and industrial applications.”
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