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Mitsubishi Rayon completes acquisition of US firm

12:25 AM MDT | April 11, 2013 | Deepti Ramesh

Mitsubishi Rayon says it has completed the previously announced acquisition of Aldila (Poway, CA), a manufacturer of prepreg, carbon fiber golf shafts, and archery arrows. All procedures required for the acquisition have been completed and the acquisition became effective on 1 April, Mitsubishi Rayon says. Plans for the acquisition were announced last December. Aldila, which was established in 1972, had sales of $48 million in 2011, and has manufacturing facilities at Poway and in Vietnam. Earlier this year, Mitsubishi Rayon announced that it would launch a new...

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