DSM Dyneema, the inventor and manufacturer of ultra-high-molecular-weight polyethylene fiber, branded as Dyneema, on May 13 finalized the acquisition of Cubic Tech Corp. The privately owned company, based at 4511 E. Ivy St. in Mesa, has specialized for more than 23 years in the custom design, development and production of ultra-lightweight flexible laminates and fabrics — most of them based on Dyneema. Cubic Tech is focused on 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, according to a press release at http://cubictechnology.com/news.htm.
“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,” Gerard de Reuver, president of DSM Dyneema, said in the release. “We have worked closely with Cubic Tech as a valued customer for many years, so we know that the two companies have a shared passion for innovation. I believe Cubic Tech’s way of working, its solutions-oriented and tailored approach to developing products for its customers, is in the spirit of the DSM Dyneema philosophy ‘With you when it matters.’”
Cubic Tech’s technology has been developed and refined over two decades of research and development, originating with the development of racing sails used in the America’s Cup in 1992, according to the release.
“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, said in the release.
Cubic Tech will be fully integrated into DSM Dyneema and all employees of Cubic Tech are being invited to stay on after the acquisition, according to the release.
UHMWPE fiber from DSM Dyneema is produced in Heerlen, The Netherlands, and in Greenville, North Carolina.
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