Toray Industries has acquired 55% of the outstanding shares of Italian prepreg manufacturer Delta-Tech, making it and its wholly owned subsidiary Delta-Preg into Toray subsidiaries. Delta Group is engaged in the supply of prepreg, primarily for premium automobile applications.
To date, Toray has had a co-operative relationship with the Delta Group through the supply of its Torayca carbon fibre. The stock acquisition significantly reinforces Toray’s carbon fibre intermediate business in Europe along with Composite Materials (Italy), which it established by acquiring the carbon fibre textile and prepreg business from Saati in January.
Toray says it will accelerate product development in Europe by leveraging its high-grade, high performance prepreg technologies.
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