Acquisition of TPI by ADDEV Materials
For 40 years, the French manufacturer TPI (Textile Pour l’Industrie), based in Saint-Nom-la-Bretèche (78), has specialized in the aeronautics and defense markets, gaining unique expertise in the manufacture of a purified cotton textile for cleaning of technical parts. Due to its composition and design, this fabric, manufactured in France, doesn’t contaminate or pill, and therefore has the advantage of not leaving any residue or fibers during cleaning and wiping operations on high-tech parts. TPI also has experience in trading chemical products, allowing it to offer a wide array of products and services as well as responsiveness to its major clients.
"I am delighted that the future of TPI is now joined with that of ADDEV Materials, which will ensure the sustainability and growth of our activities", declared Jean Marc Vincent, President of TPI.
By acquiring TPI, ADDEV Materials completes its chemical products offering with high-performance textiles for technical cleaning in the aerospace and defense markets.
"The acquisition of TPI is a continuation of ADDEV Materials’ strategic plan for growth in the aeronautics, defense, and space markets. TPI’s know-how and expertise complement and reinforce our position as an international player specializing in customized chemical products specifically adapted to the requirements of these markets"
states Julien Duvanel, CEO Aerospace & Defense.