Hexcel acquires remaining interest in Formax UK

Stamford, Conn.-based composites maker Hexcel Corp. has announced its full ownership of Formax UK Ltd. Hexcel had acquired a 50 percent interest in the privately-owned company in December 2014.

Located in Leicester, U.K., Formax specializes in the production of lightweight carbon fiber multi-axials and highly engineered glass fiber and aramid fiber fabrics. The purchase of the remaining interest in Formax will allow Hexcel to further advance dry reinforcements technology for aerospace applications and provide scale for growing industrial markets.

Hexcel develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, “prepregs” (products pre-impregnated with a resin), honeycomb, matrix systems, adhesives and composite structures used in commercial aerospace, space and defense, and industrial applications, such as wind turbine blades.