MIPNET Industries’ assets have lately been acquired by Saint-Gobain Performance Plastics. The MIPNET Industries work under the JTT Composites brand. Located on a new site close to Bordeaux, France, JTT Composites is engaged in offering the regional aerospace market. Also, it provides composite parts which are designed using the advanced RT2iTM weaving technology.
Saint-Gobain Performance Plastics’ Business Manager, Scott Huth said, “This acquisition will expand our portfolio of high-performance solutions and value-adding services and, thanks to new processes, enhance our production capabilities. The European aerospace sector is booming right now and we have set our sights high on this market.”
The latest acquisition is in compliance with the aim of the Group to fortify its standing on growth markets.