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

3:34 AM MST | December 5, 2012 | Natasha Alperowicz

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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