Steel News

European Materials Maker Acquires HyComp LLC

3/2/2018 - Rolling mill components manufacturer HyComp LLC has been sold to the performance plastics unit of French multinational Saint-Gobain for an undisclosed amount.

"HyComp’s joining Saint-Gobain gives us the opportunity to broaden our portfolio of critical parts for high-temperature and long-life applications in aerospace and industrial applications," said Jean Angus, general manager of the Saint-Gobain Performance Plastics seals division.

"The HyComp management team’s years of experience will help us to continue to make a material difference for our customers," he said.

Based in Cleveland, Ohio, HyComp makes wear rings and roll polishing systems.

Saint-Gobain said the acquisition is in keeping with its strategy to develop new and complementary technological niches. The company said the addition of HyComp will allow it to expand its portfolio of materials for technically demanding applications.