Bayer MaterialScience Pushes Further into Composite Materials with Major Acquisition

Through a business acquisition in southern Germany, Bayer MaterialScience (BMS) has expanded its stake in the composite materials market. The company recently concluded the takeover of Thermoplast Composite GmbH (TCG), which specializes in the production of thermoplastic fiber composites, in Langenfeld near Nuremburg.

BMS announced that as part of the acquisition, all employees would be retained and the plant’s production capacity would be expanded in the metropolitan region. Capacities in other regions will be added subsequently to optimally supply customers.

“We are seeing significant demand and growth opportunities for composites made from thermoplastic materials such as polycarbonate,” says Dr. Markus Steilemann, member of the company’s executive committee and head of the polycarbonates business unit. “By getting into the development and production of the corresponding composites, we want to become one of the driving forces in this industry. We expect promising opportunities above all in the IT, automotive and transportation industries, as well as in consumer goods, which would further strengthen our position.”

According to a press release, the company has been working for some time on the development of polycarbonate composites, and by acquiring TCG, they have now “filled the last gaps” in their processing technology know-how.”

TCG was established in 2007 and currently has 12 employees. In addition to performance fiber composites with a thermoplastic matrix, the company also specializes in ultra-lightweight foams and engineering services.

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