Royal DSM (Heerlen, the Netherlands; www.dsm.com)’s DSM Dyneema brand has finalized the acquisition of Cubic Tech Corp. This privately owned company, based in Mesa, Ariz., has specialized for more than 23 years in the custom design, development and production of innovative high performance ultra-lightweight flexible laminates and fabrics — most of them based on Dyneema –brand ultra-high-molecular-weight polyethylene (UHMwPE). Cubic Tech is focused on high-end solutions in applications as diverse as racing yacht sails, equipment and apparel for sportswear, outdoor and future soldier programs, as well as emergency medical equipment. Terms of the acquisition will not be disclosed.
The acquisition of Cubic Tech reinforces the position of Dyneema as one of the leading brands of ultra-high-performance materials. It broadens DSM Dyneema’s product portfolio, provides it with downstream knowledge complementary to its own in the processing of UHMwPE fiber, tape and production of uni-directional (UD) fabrics, and enhances the company’s innovation pipeline. The acquisition of Cubic Tech accelerates DSM Dyneema’s entry into the performance apparel markets and will add important new revenue streams and developments in existing markets as well as creating access to several new applications.
Adding Cubic Tech to its portfolio also strengthens DSM Dyneema’s commitment to be a leader in offering sustainable solutions, enabling the replacement of traditional materials with new and innovative products that are lighter, stronger, more durable, and which have reduced environmental impact.
“The acquisition of Cubic Tech is an important part of our strategy to create, and bring to market, products and services that improve the quality of life while enabling our customers to operate their businesses more successfully,” says Gerard de Reuver, CEO of DSM Dyneema.
“Cubic Tech’s philosophy is very akin to our own, with a fundamental belief in extremely lightweight and strong constructions,” Jeff Turner, VP Strategy of DSM Dyneema, added.
Cubic Tech will be fully integrated into DSM Dyneema and all employees of Cubic Tech are being invited to stay on after the acquisition.