Teijin Limited has announced an agreement to acquire Renegade Materials Corporation, a leading North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry.
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Teijin to acquire Renegade and expand carbon fibre applications for aerospace
Renegade will thereby become a wholly-owned subsidiary of Teijin.
The shares of Renegade will be purchased by the Teijin Group's holding company in the United States, with the acquisition expected to be complete in the spring.
Teijin will benefit from Renegade’s well-established proprietary technologies and solution capabilities in heat-resistant thermoset prepregs to expand its business in aerospace applications, including next-generation engine parts.
Renegade’s products will reach wider markets thanks to Teijin’s expertise in carbon fibres and intermediate materials, as well as its large product line-up and global sales network.
Shukei Inui, General Manager of Teijin’s Carbon Fibers Business Unit, said: “Demands for highly heat-resistant thermoset prepregs are increasing in the global aerospace industry. Renegade offers well-established technologies and sales channels in this field, so we expect this acquisition to help us expand our related applications development and global business.”
Global marketing initiatives will be supported by Teijin’s carbon fibre business, including Teijin Carbon Fibers, Inc., Teijin Carbon America, Inc., and Teijin Carbon Europe GmbH, a core company of the carbon fibre business in Europe.
Stronger
Teijin is targeting annual sales in the field of aerospace in excess of $900m (~€ 790m) by 2030.
Renegade’s heat-resistant thermoset prepregs are well trusted by US and European aircraft manufacturers and aircraft engine suppliers. The company was established in 1993 as a resin manufacturer and launched its thermoset prepreg business for aerospace applications under the Renegade brand in 2007.
Renegade offers specialist knowledge in highly heat-resistant resins and provides unique thermal-cycle resistant prepregs incorporating highly heat-resistant polyimide resin made from low-toxicity raw materials.
Teijin is increasingly emphasising strong, lightweight, high-performance materials that offer environmentally sensitive solutions for improved fuel efficiency. Teijin is focusing its carbon fibre business on the aircraft field, where it is rapidly developing midstream and downstream applications.
The company is now leveraging its intermediate material and processing technologies for next-generation aircraft applications. Tenax carbon fibre and Tenax TPUD carbon-fibre thermoplastic unidirectional pre-impregnated tape were qualified by Boeing as advanced intermediate composite materials for primary structural aircraft parts.
