Mitsubishi Rayon Co., Ltd. (MRC) announced the acquisition of Gemini Composites LLC headquartered in Seattle, Washington (U.S.).
Gemini is a design, engineering and prototyping firm specialized in product development using Forged Composite technology.
MRC’s wholly owned subsidiary, Mitsubishi Rayon Carbon Fiber and Composites, Inc. based in Irvine, California U.S., acquired all of the shares of Gemini from its founder and made the firm a subsidiary of it effective March 1, 2017.
Akira Nakagoshi, General Manager of Carbon Fiber and Composites of Mitsubishi Rayon (Tokyo, Japan) and a member of the board of MRCFCAC, says, “The Gemini team will greatly enhance the capability of MRC to develop engineered solutions for our customers, and to assist them from initial concept all the way to start-of-production using our Carbon Fiber Sheet Molding Compounds (CFSMC). Gemini adds a strategic growth platform to our organization with its breakthrough approach to product development, as in the case of the award-winning Union FC snowboard binding.”
MRC is today the world’s largest manufacturer and supplier of CFSMC, which is the base material used in Forged Composite technology. The company has been proactively conducting CFSMC marketing to car manufacturers in Japan, Germany and North America since it established its new SMC production line in 2015 at its Toyohashi Production Center in Aichi Prefecture. MRC believes that the acquisition will further enhance its product development capability for automotive SMC components and enable development of innovative products based on a component design-driven approach.
Dr. Feraboli, founder and CEO of Gemini, says, “We are excited to be part and have the support of MRC for the years to come. Together we will be able to offer a full turn-key package from design to production to our customers worldwide who wish to explore the great potential that Forged Composite technology has to offer but do not yet know how to approach it.”