Kaneka Aerospace acquires composites business from Henkel

Kaneka Aerospace acquires composites business from Henkel

8:00 AM, 1st February 2018
Kaneka logo

SAN FRANCISCO, US: Kaneka Corporation’s wholly owned subsidiary, Kaneka Americas Holding Inc and Kaneka Aerospace LLC (KAE) have agreed to acquire the commercial rights, technologies and patents of benzoxazine-based high-performance composites business from Henkel Corporation.

KAE was established in September 2017 with the acquisition of Applied Poleramic Inc, which possessed advanced technology for the formulated resin used in high-performance composites to enter into the promising aerospace business. The addition of Henkel's benzoxazine based composites business further strengthens KAE's growth, sales and market position of high-performance composite products.

Included in the acquisition are benzoxazine based prepregs, film adhesives, and infusion resins. Several of these products have been qualified in the aviation market. The addition of these competitive products and technologies will further enhance the ability of Kaneka Aerospace to penetrate the aerospace market.

Following the acquisition, Kaneka will continue to seek M&A and partnership opportunities for further growth. Kaneka aims to achieve more than $200 million in sales by 2025 in high-performance composites in aerospace by fully utilizing Kaneka's global R&D resources.

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