Acquisition Expands Composite Line
Hanwha Living & Creative Corp. recently acquired Azdel Inc., Lynchburg, Va., a 50/50 joint venture of Sabic Innovative Plastics (formerly GE Plastics), Pittsfield, Mass., and PPG Industries, Pittsburgh.
The acquisition of Azdel’s high-performance thermoplastic
composites will let Korea-based Hanwha expand its line of composite
and advanced materials used in exterior and interior components of
automobiles, heavy trucks, and recreational vehicles. Azdel also set up
an arrangement where Sabic will supply thermoplastic resins and PPG
will supply fiberglass-reinforcement materials.