Teijin’s acquisition of Renegade to boost aerospace presence

Japan’s Teijin Limited says that it has completed the acquisition of all the shares of Renegade Materials Corporation, a North American supplier of heat-resistant thermoset prepreg for the aerospace industry.

The acquisition of Renegade will allow Teijin to expand its aerospace business, including next-generation aircrafts’ engine parts. Teijin says it will benefit from Renegade’s well-established proprietary technologies and capabilities in thermoset prepregs that incorporate highly heat-resistant resins. Renegade develops and manufactures thermal-cycle resistant prepregs made from low-toxicity raw materials.

Teijin also says it is strengthening its carbon fibre and intermediate materials businesses to solidify its position as a leading provider of solutions for aerospace applications. In this respect, it is targeting annual sales in this field in excess of US$900 million by around 2030.

“We are excited to become part of Teijin’s global family located in the US,” says Eric Collins, CEO & Financial Officer of Renegade Materials. “Teijin is committed to supporting our advanced materials and proprietary production processes, allowing us to reach wider markets through its sales network and marketing initiatives. Significant resources are now available to expand product development and manufacturing capabilities, powered by Teijin’s vast expertise in carbon fibres and chemistry.”