Toray Industries Inc acquires Zoltek Companies Inc manufacturer large tow carbon fibre

Toray acquires US carbon fibre makers, Zoltek

9:59 AM, 4th March 2014
Toray Industries Inc acquires Zoltek Companies

TOKYO, JAPAN: Toray Industries Inc has completed the process of purchasing the entire stake in Zoltek Companies Inc, making the manufacturer of large tow carbon fibre a wholly owned subsidiary. With the completion of the acquisition of the stake, the Zoltek shares are delisted from NASDAQ, though the company name of Zoltek remains unchanged. The impact of the Zolteck share purchase on Toray’s consolidated business performance in the fiscal year ending 31 March 2014 is expected to be negligible.

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