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Primco Acquisition

ACG Integrates Primco's Phenolic Resin Based Prepregs - Presenting a Complementary Range of Materials for Aerospace Interiors and Exteriors

The Advanced Composites Group (ACG), part of the Composites Division of Umeco plc, recently strengthened its position in the aircraft interiors business with the acquisition of Primco, a leading formulator and supplier of phenolic prepreg systems used in the aerospace, defence, medical, sporting and general industrial sectors.

The combined operation offers outstanding synergisms; Primco augments the Group's existing hot-melt capabilities through state-of-the-art solvent towers that meet stringent environmental regulations. ACG manufactures a range of cost effective prepreg products, including epoxy, phenolic, cyanate ester, Bismaleimide (BMI) and thermoplastic resin systems in all formats and with all types of fibre reinforcement.

ACG Primco's aircraft interior phenolic systems, qualified to Airbus specifications, exhibit superior surface finish, thereby reducing post-mould finishing while also contributing to reductions in both cost and weight.

ACG also offers a range of self-extinguishing epoxy prepreg systems that are used in demanding applications such as flooring and seating.

ACG is forging ahead in the development of new aerospace systems for both structural and interior applications. The Group's proven research potential was enhanced in 2006 with the opening of a modern Technology Centre, staffed by approximately 60 people.

Customers can expect to benefit from the high level service for which ACG and Primco are renowned. From its prepreg manufacturing facilities in the UK and the USA, the Group services the market by delivering bespoke products to short lead times. This is backed by a network of sales agencies around the world.

The acquisition of George Cole Technologies Limited, which traded as Primco, was made by Umeco plc through ACG. Established for over 40 years, Primco's materials, manufacturing technologies and applications are highly complementary to those of ACG, and will further enlarge the Group's existing range of composite materials technologies and aerospace qualifications.

Clive Snowdon, Chief Executive of Umeco plc, commented: "The Primco acquisition further illustrates the progress Umeco has achieved in delivering complementary growth to the Group both in the UK and overseas. It will enable us to offer our existing customers a wider range of material technologies, whilst allowing ACG to further consolidate its market leading position, in a continuously evolving composite arena.

"Primco offers good long term value-creating growth and we look forward to realising operating synergies as we integrate it into our existing business."


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