ADDEV Materials acquires TPI, expands offerings

Lyon,
France

ADDEV Materials,
a specialist supplier to the aeronautics, space and defence market, announced
the complete acquisition of Textile Pour lÃ¢â‚¬â„¢Industrie (TPI), a 40-year-old
French manufacturer based in Saint-Nom-la-BretÃƒÂ¨che (78).

The acquisition
will boost ADDEV Materials chemical products offerings to add more value
through high-performance textiles for technical and critical cleaning along
with surface preparation supplies in the aerospace and defence markets.

Julien Duvanel,
CEO Aerospace & Defence, said, Ã¢â‚¬Å“The acquisition of TPI is a continuation of
ADDEV MaterialsÃ¢â‚¬â„¢ strategic plan for growth in the aeronautics, defence, and
space markets. TPIÃ¢â‚¬â„¢s know-how and expertise complement and reinforce our
position as an international player specialising in customised chemical
products specifically adapted to the requirements of these marketsÃ¢â‚¬Â.

Jean Marc Vincent,
President, TPI, said, Ã¢â‚¬Å“I am delighted that the future of TPI is now joined with
that of ADDEV Materials, which will ensure the sustainability and growth of our
activitiesÃ¢â‚¬Â.

Specialising in
the aeronautics and defence markets, TPI offers a variety of products and
services. It has gained unique expertise in the manufacture of a purified
cotton textile
for the cleaning of technical parts. The fabricÃ¢â‚¬â„¢s
composition and design do not allow it to contaminate or pill. This gives it
the advantage of not leaving any residue or fibres during cleaning and wiping
operations on high-tech parts.

Source:
ADDEV Materials Press Release

Image Source: ADDEVMaterials Website