February 2019, Cambridge, UK
Client Location: Turkey
Target: Advanced Honeycomb Technologies
Target Location: United States
Worth: $5 million USD
Future Materials Group (FMG) is pleased to announce the completion of Kordsa’s acquisition of Advanced Honeycomb Technologies (AHT). The transaction, with a deal value of approximately USD 5 million, further extends Kordsa’s capabilities in the composite market.
Kordsa, a Sabanci Holding subsidiary and leader in reinforcement technologies, was exclusively advised by FMG, the award-winning, advisory firm specialising in the advanced materials sectors.
Based in the US, Advanced Honeycomb Technologies is a specialist aramid honeycomb manufacturer supplying the aviation and industrial markets.
With this acquisition, Kordsa will significantly strengthen both its global manufacturing presence and also its position in the United States, to become a leading player in the commercial aviation composite materials supply chain.