M&A Deal Summary

Teijin Acquires Renegade Materials

On February 27, 2019, Teijin acquired aerospace company Renegade Materials

Acquisition Highlights
  • This is Teijin’s 2nd transaction in the Aerospace sector.
  • This is Teijin’s 5th transaction in the United States.
  • This is Teijin’s 1st transaction in Ohio.

M&A Deal Summary
Date 2019-02-27
Target Renegade Materials
Sector Aerospace
Buyer(s) Teijin
Deal Type Add-on Acquisition

Target

Renegade Materials

Miamisburg, Ohio, United States
Renegade Materials Corp. is a Miamisburg, Ohio based supplier of highly heat-resistant thermoset prepreg for the aerospace industry.

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Buyer(S) 1

Buyer

Teijin

Chiyoda, Japan
Category Company
Founded 1918
Sector Diversified
Employees21,834
Revenue 1.03T JPY (2024)
DESCRIPTION

Teijin is a technology-driven global group offering advanced solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has over 170 companies and around 20,000 employees spread out over 20 countries worldwide. Teijin was founded in 1918 and is based in Chiyoda, Japan.

DEAL STATS #
Overall 9 of 10
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 8 of 9
State (Ohio) 1 of 1
Country (United States) 5 of 5
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Elitac B.V.

Utrecht, Netherlands

Elitac B.V. is a develops wearables based on integration of stretchable electronics in textiles, for professional end-users. Elitac is based in Utrecht, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-04 Benet Automotive s.r.o.

Mlada Boleslav, Czech Republic

Benet is a tier one supplier of composite components to the automotive industry, offering advanced technologies for carbon-fiber-reinforced and glass-fiber-reinforced plastic molding, as well as the painting and assembly of vehicles. The company specializes in reinforced reaction injection molding (RRIM), a low-pressure process using polyurethane; and both conventional autoclave and resin transfer molding (RTM). Benet has three facilities in Czechia and one in Germany to serve European automotive OEMs including Volkswagen, Mercedes, BMW, Audi and Skoda.

Buy -
Mergr

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