James Cropper Acquires PV3 Technologies and Strengthens Hydrogen Portfolio
Technical Fibre Products Ltd (TFP), a subsidiary of James Cropper PLC (LSE:CRPR), announces today that it has entered into a definitive agreement to acquire PV3 Technologies Limited (PV3), a company which specialises in the development and manufacture of electrochemical materials used in the creation of green hydrogen. The acquisition is the latest step in TFP’s growth, building on recent capacity expansion, and it will increase TFP’s portfolio of products for hydrogen technologies to provide new opportunities for growth and market penetration.
TFP is a subsidiary of James Cropper PLC (James Cropper) and a leading advanced nonwovens manufacturer, supplying materials into a wide range of markets including aerospace, defence, composites, wind energy and fuel cells. James Cropper has been committed to advancing hydrogen fuel cell technology for over three decades, building the capacity and expertise to establish an already strong position in the market.
PV3, established in 2011 is based in Launceston, Cornwall, and is a specialist in materials for electrochemical technologies.
Following the acquisition PV3 Technologies will be called TFP Hydrogen Products Ltd.
Technical Fibre Products (TFP) is a leading nonwoven manufacturer, offering a broad choice of high quality, technically advanced nonwovens for an array of challenging applications across industries ranging from aerospace and defence to fuel cells, automotive, energy, construction and healthcare. TFP is part of James Cropper plc and continues the group's 175 year tradition of building highly effective collaborative relationships with customers, enabling the development of custom material solutions to meet unique performance, process and aesthetic requirements.