Teijin, a technology-driven global group offering advanced solutions, has agreed to takeover Inapal Plasticos SA (Inapal), a leading automotive composite supplier in Portugal. Teijin Holdings Netherlands B.V., the Teijin Group’s holding company in the Netherlands, will buy the shares of Inapal and expects the takeover to complete in August 2018, subject to satisfactory completion of customary closing conditions, including regulatory approval.
Inapal, headquartered in Leca do Balio, Porto, Portugal, a Tier One supplier of composite components to the automotive and heavy truck industries has large capabilities that include Class A body panels, structural and underbody components,, sheet molding compound (SMC), carbon fiber SMC, pre-preg compression molding (PCM), direct long fiber thermoplastic (D-LFT) and glass mat thermoplastic (GMT). The two manufacturing plants of the company are locations in Portugal serving a variety of European OEM customers including Jaguar, Land Rover, BMW, Mercedes, Volkswagen, and Bentley. Inapal also provides components to the heating and cooling industry and passenger seating components to the bus and rail industries.
Jun Suzuki, president and CEO, Teijin Limited, said, “We are leveraging our lightweight, strong, high-performance materials and integrated composite technologies as one of the key focuses of the transformation strategies for our medium-term management plan. The acquisition of Continental Structural Plastics (CSP) positioned us as a Tier One supplier of high-performance composites to the global automotive market.”
“The addition of Inapal positions CSP well as a global leader in the lightweight composites industry. With this, we can truly say we are among the world’s largest suppliers of lightweight composite components to the automotive industry, we are strategically located to meet our customers’ needs, and we’re ready for the rapid changes that are taking place in the industry today”, commented, Steve Rooney, CEO of CSP.