Hexcel Completes Acquisition of Oxford Performance Materials Aerospace & Defense Business
STAMFORD, Conn., December 15, 2017 – Hexcel Corporation (NYSE:HXL) announced today that it has completed its acquisition of the Aerospace & Defense (A&D) business of Oxford Performance Materials (OPM). The asset acquisition includes equipment, intellectual property and manufacturing process technology related to the A&D business operations in South Windsor, Connecticut. Other businesses of OPM are not included in the acquisition.
Previous to the acquisition, Hexcel had made strategic investments in OPM. After the acquisition of the company’s aerospace and defense business, Hexcel will remain a shareholder in OPM and will retain its seat on the company’s Board of Directors.
