Teijin to Acquire Inapal

Teijin Limited has reached an agreement to acquire Inapal Plasticos SA (Inapal), a leading automotive composite supplier in Portugal.

The shares of Inapal will be purchased by Teijin Holdings Netherlands B.V., the Teijin Group’s holding company in the Netherlands. The acquisition was completed at the beginning of August, following the satisfactory completion of customary closing conditions, including regulatory approval.

Headquartered in Leca do Balio, Porto, Inapal is a Tier One supplier of composite components to the automotive and heavy truck industries. The company’s capabilities include Class A body panels, structural and underbody components using a variety of materials and processes, including sheet molding compound (SMC), carbon fiber SMC, pre-preg compression molding (PCM), direct long fiber thermoplastic (D-LFT) and glass mat thermoplastic (GMT).

The company has two manufacturing locations in Portugal serving a number of European OEM customers including Jaguar, Land Rover, BMW, Mercedes, Volkswagen and Bentley.

In addition to its automotive and heavy truck business, Inapal supplies components to the heating and cooling industry, as well as passenger seating components to the bus and rail industries. The company had sales of 31.9 million euro in 2017.

Teijin expects its automotive composite business sales to reach approximately 1.7 billion euro by 2030. The company now has the ability to serve customers in most major regions of the world, including North America, Europe and Asia, and has established business with every major global automotive OEM.

Teijin will continue to enhance Inapal’s operations, developing expansion opportunities, investing in growth and creating value for all stakeholders, namely employees, partners and clients.

Following the acquisition of CSP in 2017, Teijin has committed to expand its automotive capabilities globally.  Technology developments include Sereebo, the world’s first mass -production technology for carbon fiber reinforced thermoplastic (CFRTP), and in Europe, TENAX Part via Preform (PvP). Developed by Teijin Carbon Europe GmbH, the group’s core carbon-fibers business, PvP is a material process technology that enables the highly efficient production of thermoset carbon fiber-reinforced plastic (CFRP). PvP is recognized as a Tier One technology by European OEMs and is in production as a structural application on a current automotive platform.  Finally, CSP’s European facility in Pouancé, Maine-et-Loire, France, will be installing a sheet molding compound (SMC) line, making the company’s patented, award-winning composite material technologies readily available to customers in Europe.