Mitsubishi Rayon to acquire Aldila, maker of carbon fiber composite products

Mitsubishi Rayon says it has entered into an agreement to acquire Aldila (Poway, CA), which will strengthen and expand Mitsubishi Rayon’s graphite golf-shafts and carbon fiber intermediate materials businesses globally. Subject to a stockholders' resolution obtained at the stockholders’ meeting scheduled for 27 December 2012 as well as approvals by appropriate authorities required in the United States, a US subsidiary formed by Mitsubishi Rayon and Aldila will merge with Aldila as the surviving company, and Aldila will become 100% subsidiary...

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