The 2020 Mid-Year Economic Update_long

Hexcel Sells Line to JPS Industries

Hexcel Corporation, Stamford, CT, has completed the sale of its remaining assets of U.S. Electronics, Ballistics & General Industrial reinforcement product lines to JPS Industries Inc.
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JPS has paid $62.5 million in cash to Hexcel and may make an additional $12.5 million in payments dependent upon future sales of the Ballistics product line.
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Hexcel Corporation is an advanced structural materials manufacturer. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures for use in commercial aerospace, space and defense, and industrial ...

Hexcel Corporation, Stamford, CT, has completed the sale of its remaining assets of U.S. Electronics, Ballistics & General Industrial reinforcement product lines to JPS Industries Inc.
&nbsp ;
JPS has paid $62.5 million in cash to Hexcel and may make an additional $12.5 million in payments dependent upon future sales of the Ballistics product line.
&nbsp ;
Hexcel Corporation is an advanced structural materials manufacturer. It develops, manufactures and markets lightweight, high-performance structural materials, including carbon fibers, reinforcements, prepregs, honeycomb, matrix systems, adhesives and composite structures for use in commercial aerospace, space and defense, and industrial applications.

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