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Exel Composites closes transaction to acquire Diversified Structural Composites

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EXEL COMPOSITES PLC                    INVESTOR NEWS                    2 May 2018 at 10:00 EET

Exel Composites Plc has closed the transaction to acquire 100% of the shares in Diversified Structural Composites, Inc. (“DSC”), a composites company based in the United States of America. The unit is consolidated into Group accounts as of 1 May 2018. The acquisition was announced in a stock exchange release on 23 April 2018.

Vantaa, 2 May 2018                     

Exel Composites Plc

Riku Kytömäki
President and CEO

For further information, please contact:

Riku Kytömäki, President and CEO
tel. +358 50 511 8288
riku.kytomaki@exelcomposites.com

Mikko Kettunen, CFO
tel. +358 50 347 7462
mikko.kettunen@exelcomposites.com

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Exel Composites in brief

Exel Composites (www.exelcomposites.com) is a leading composite technology company that designs, manufactures and markets composite products and solutions for demanding applications. Exel Composites provides superior customer experience through continuous innovation, world-class operations and long-term partnerships.

The core of the operations is based on own, internally developed composite technology, product range based on it and strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The employees' expertise and high level of technology play a major role in Exel Composites’ operations. Exel Composites Plc share is listed in Nasdaq Helsinki Ltd.

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