M&A Deal Summary

SGL Carbon Acquires Hitco Carbon Composites

On July 23, 1997, SGL Carbon acquired aerospace company Hitco Carbon Composites

Acquisition Highlights
  • This is SGL Carbon’s 1st transaction in the Aerospace sector.
  • This is SGL Carbon’s 1st transaction in the United States.
  • This is SGL Carbon’s 1st transaction in California.
Investment Fate
  • Hitco Carbon Composites was divested to a consortium of strategic buyers in 2015.

M&A Deal Summary
Date 1997-07-23
Target Hitco Carbon Composites
Sector Aerospace
Buyer(s) SGL Carbon
Deal Type Add-on Acquisition

Target

Hitco Carbon Composites

Gardena, California, United States
Hitco Carbon Composites, Inc. is a provider of composite parts for commercial and military aerostructures. This includes all inventories, equipment, tooling and other fixed assets, intellectual property, contractual rights, good will, accounts receivable, and work in progress.

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Buyer(S) 1

Buyer

SGL Carbon

Wiesbaden, Germany
Category Company
Founded 1878
Sector Chemicals
Employees4,753
Revenue 1.1B EUR (2023)
DESCRIPTION

SGL Carbon is a manufacturers of products made using carbon. Its portfolio ranges from carbon and graphite products to carbon fibres and composite materials. Company have an in-depth materials, production, applications and engineering expertise, a comprehensive graphite and carbon fiber based product portfolio, and an integrated value chain from carbon fibers to composites. SGL Carbon was founded in 1878 and is based in Wiesbaden, Germany.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Hitco Carbon Composites

Gardena, California, United States

Hitco Carbon Composites, Inc. is a provider of composite parts for commercial and military aerostructures. This includes all inventories, equipment, tooling and other fixed assets, intellectual property, contractual rights, good will, accounts receivable, and work in progress.

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