SOLON, Ohio--(BUSINESS WIRE)--Saint-Gobain Performance Plastics has acquired the assets of MIPNET Industries operating under the brand JTT Composites. Based at a new facility near Bordeaux, France, JTT Composites supplies the regional aerospace market and sells composite parts designed with the innovative RT2iTM weaving technology.
“This acquisition will expand our portfolio of high-performance solutions and value-adding services and, thanks to new processes, enhance our production capabilities. The European aerospace sector is booming right now and we have set our sights high on this market,” said Scott Huth, Business Manager for Saint-Gobain Performance Plastics.
This acquisition is in line with the Group’s intention to strengthen its positioning on growth markets.
Backed by its experience and its capacity to continuously innovate, Saint-Gobain, the world leader in the habitat and construction market, designs, manufactures and distributes high-performance and building materials providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2015 sales of €39.6 billion, Saint-Gobain operates in 66 countries and has more than 170,000 employees. For more information about Saint-Gobain, visit our website www.saint-gobain.com and Twitter account @saintgobain or download the “Saint-Gobain Shareholder” app for tablets and smartphones.