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8th December 2017, Stamford, CT

Hexcel to acquire OPM Aerospace & Defence business

OPM was awarded a contract from Boeing to supply 3D-printed structural production parts for the CST-100 Starliner. Hexcel Corporation has entered into an agreement to acquire the Aerospace & Defence (A&D) business of Oxford Performance Materials (OPM). OPM A&D produces qualified, high-performance thermoplastic, carbon fibre reinforced 3D printed parts for commercial aerospace and space and defence applications.

The acquisition is expected to close later this month. The asset acquisition will include equipment, intellectual property and manufacturing process technology related to the A&D business operations in South Windsor, CT. Other businesses of OPM are not included in the acquisition.

“We are excited to add this next-generation technology to our portfolio. In combination with our unique carbon fibre capability, PEKK can provide a range of new technology solutions to our aerospace and defence customers in printed parts as well as assembled structures and broader design solutions,” commented Hexcel Chairman, CEO and President Nick Stanage.

OPM applies additive manufacturing technology to the high-performance polymer PEKK for aerospace, industrial and biomedical applications. “The company has significant process and material technology knowledge in the areas of additive manufacturing and PEKK thermoplastic materials that can fundamentally improve the way the world's aircraft and defence components are manufactured,” the company reports. “The technology can replace machined, cast, and printed metal parts in many applications, providing customers a high performance, lighter weight and potentially lower cost solution.”

OPM was awarded a contract from Boeing to supply 3D-printed structural production parts for the CST-100 Starliner among numerous other customer-focused development programs. Hexcel’s acquisition is expected to enable more rapid operational scaling and development of this emerging technology to meet growing market demand for carbon fibre reinforced thermoplastic additive technology in aerospace and defence.

www.hexcel.com

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