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Versarien, the advanced engineering materials group, announces that it has agreed terms to form a 50:50 joint venture with Dimar, a tungsten carbide tool manufacturer based in Israel, to distribute a new range of tooling for the composites industry.
The new venture, DV Composites Limited, will leverage Versarien’s existing sales channels into the automotive, aerospace and marine sectors. Dimar currently sells a range of high performance tooling to a number of global organisations in these sectors. DV Composites will be based and operate out of Versarien’s headquarters in Mitcheldean and will distribute these new products, alongside its development products for the composite industry, enabling further traction. More information: www.versarien.com