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Toray and TenCate Advanced Composites concluded share purchase agreement

News International-French

17 Jul 2018

Following the completion of the discussions with the Works Council, as stipulated by Dutch laws, Toray announced that it concluded the share purchase agreement with KTC.

Toray Industries (headquarters: Chuo-ku, Tokyo; President: Akihiro Nikkaku) has announced in its press release issued on March 2018 that it had reached an agreement with Koninklijke Ten Cate B.V. (headquarters: Netherlands; hereinafter referred to as "KTC") to purchase the entire share of its subsidiary TenCate Advanced Composites Holding (headquarters: Netherlands, a Dutch carbon fiber composite material manufacturer). Following the completion of the discussions with the Works Council, as stipulated by Dutch laws, Toray announced that it concluded the share purchase agreement with KTC on July 8th, 2018.

The completion of the acquisition is based on the premise of receiving approval from the relevant regulatory authorities and Toray plans to announce it once all procedures are completed without delay.

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