Teijin Limited has completed the acquisition of all shares of Renegade Materials Corporation, a leading North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry, on August 1st, Eastern Standard Time.
The acquisition of Renegade will allow Teijin to expand its aerospace business, including next-generation aircraft engine parts. Teijin will benefit from Renegade’s well-established proprietary technologies and capabilities in thermoset prepregs that incorporate highly heat-resistant resins. Renegade develops and manufactures unique thermal-cycle resistant prepregs made from low-toxicity raw materials.
Teijin is strengthening its carbon fiber and intermediate materials businesses to solidify its position as a leading provider of solutions for aerospace applications. The company is targeting annual sales in this field in excess of US$900 million by around 2030.
Shukei Inui, General Manager of Teijin’s Carbon Fibers Business Unit, says, “We have been increasingly focusing on our carbon fiber business in the aircraft field as a top supplier to world-leading aircraft makers. Renegade’s well-trusted technologies as well as its sales channels in this field, together with our global sales network, will reach wider markets for strong, lightweight, high-performance materials that offer environmentally sensitive solutions for improved fuel efficiency.”
Eric Collins, Chief Executive & Financial Officer of Renegade Materials, says, “Teijin is committed to supporting our advanced materials and proprietary production processes, allowing us to reach wider markets through its sales network and marketing initiatives. Significant resources are now available to expand product development and manufacturing capabilities, powered by Teijin’s vast expertise in carbon fibers and chemistry.”