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3A Composites divests kitting business in USA

News International-French

3 Oct 2013

The company, a division of Schweiter Technologies has signed and closed the divestment of its non-strategic 100% membership interest in Windkits LLC to JSB Group A/S, Denmark.

Windkits LLC, located in Allentown, Pennsylvania, USA., is in the business of manufacturing core material kits for wind turbine blades in North America.

The sales price is in the low single-digit million range.

About Schweiter Technologies:
The company is a traditional Swiss group focused on the machinery business and the recently acquired business unit focused on composites. The group currently consists of the two divisions "SSM Textile Machinery“ and "3A Composites".

In the division Textile Machinery, SSM is the leader in yarn processing and precision winding, offering advanced winding systems for a wide application. With the acquisitions of Stähle-Eltex (Air Texturing),  Hacoba Spultechnik (sewing thread) in 1999 and Giudici S.p.A. (Fals-twist Texturing, FTY) in 2012, our efforts for a continuous development of new fields of business fitted into this strategy. All companies have a clear dominance in the market niches they cover.

About 3A Composites:
The company is the global market leader in core materials for sandwich constructions, particularly for use in wind farms. The company is also a leading player in other segments, such as composite panels for high-quality facades and display applications.

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