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Luxfer Group to acquire Vexxel Composites

News International-French

24 Mar 2014

Luxfer Group announced that has acquired Vexxel Composites, LLC, a manufacturer of high-pressure composite cylinders for containment of compressed natural gas (CNG). The company will operate as part of the Group´s global Luxfer Gas Cylinders Division.

Founded in 2012, Vexxel specializes in Type 4 (polymer-lined) carbon composite cylinders for use as fuel tanks for CNG-powered alternative fuel (AF) vehicles.

This acquisition provides Luxfer Group gas cylinder business with a facility purpose-built for the manufacture of new Type 4 composite cylinder products, which will be targeted primarily at the class 8 heavy-duty truck market, where a high rate of conversion from diesel to CNG is widely anticipated. Luxfer is in final stages of developing a new range of larger-diameter Type 4 cylinders for growing CNG markets to complement its existing lightweight range of Type 3 aluminum-lined cylinder products and systems.

Andy Butcher, President of Luxfer Gas Cylinders, North America, says: “Vexxel´s proven engineering and technological capabilities are highly complementary to Luxfer, especially their expertise in manufacturing Type 4 cylinders for CNG. Acquiring the business adds another 4,000 units per year to Luxfer´s CNG production capacity, and we will benefit from their highly trained workforce and integrated facilities. Most importantly, we are now well positioned to launch our premium Type 4 design, which will be the lightest in weight and also extremely tough and durable."

About Luxfer Group and Luxfer Gas Cylinders:
Luxfer Group is a global materials technology company specializing in the design and manufacture of high-performance materials, components and gas cylinders for environmental, healthcare, protection and specialty end-markets.