Bayer MaterialScience (Leverkusen) has expanded its position in the composite materials field through an acquisition in southern Germany. The company has taken over Thermoplast Composite GmbH (TCG), basded in Langenfeld, near Nuremberg, which specializes in the production of continuous fiber-reinforced thermoplastic composites.
According to the companies, this is a new class of particularly thin and lightweight materials, whose properties offer superior performance compared with existing solutions based on aluminum, for example. Bayer MaterialScience joins Lanxess (Cologne) in the field. The latter acquired The Bond Laminates GmbH (Brilon, Germany) in 2012.
The takeover of TCG reportedly gives Bayer MaterialScience access to innovative technology know-how as well as key patents and facilities. All employees are to be retained. Bayer MaterialScience plans to expand TCG's production capacity, the first step being to expand production in the Nuremberg metropolitan region. Capacities in other regions will be added subsequently to optimally supply customers.