Hexcel acquiring aerospace and defense business of Oxford Performance Materials

Stamford”™s Hexcel Corp. has entered into a definitive agreement to acquire the aerospace and defense business of Oxford Performance Materials. The acquisition, whose financial terms were not disclosed, is expected to close later this month.

OPM A&D produces qualified, high-performance thermoplastic, carbon fiber reinforced 3D-printed parts for commercial aerospace and space and defense applications. The asset acquisition includes equipment, intellectual property and manufacturing process technology related to the A&D business operations in South Windsor. Other businesses of OPM are not included in the deal.