SOCOMORE Pursues its Dynamic External Growth Strategy with the Acquisition of ELIXAIR
On May 24th, SOCOMORE and the owners of ELIXAIR announced that they signed an agreement under which Socomore acquires the company and signs an exclusive worldwide license for the commercialization of composite plastic scrapers that allow easy removal of adhesives and cured sealant residues . Along with the Skywipes, the Skyscrapers line of products are complementary to SOCOMORE pre-saturated wipes for the cleaning of adhesive tapes, adhesives and uncured sealants residues.
The license covers the following product ranges:
- SkyScrapers™ for the application of sealant and removal of sealant and adhesive tape residues,
- SkyMill™ Revolution, a sharpening tool to clean and extend the SkyScrapers’ life
- SkyEdgit™, a portable grinding device for SkyScrapers™ usable directly at the operators' workstations.
Both the skywipes and SkyScrapers family of products are approved by most aerospace OEM (Airbus, Boeing, Bombardier, etc). SOCOMORE will promote and market these products with the support of 3M the historical distributor for the remainder of 2017. SOCOMORE will take-over 3M’s worldwide channel to market on December 31st, 2017 in order to continue to develop Elixair products’ sales worldwide at main aerospace manufacturers and service providers, through its existing network of subsidiaries and partners around the Globe.
Leonard McLaughlin, Founding President of ELIXAIR “The SkyMill Revolution by Elixair is a groundbreaking invention that has revolutionised the way that aerospace companies remove polysulphide and other aircraft sealants. We have a tremendous interest from all over the world for the SkyFamily range of products and look forward to working closely with SOCOMORE to reach every aviation customer worldwide."
Frédéric Lescure, President of the SOCOMORE Group "With the Elixair acquisition, we add a new brick to our business ecosystem to serve our customers and we participate in the consolidation and securing of the supply chain which is so critical for major aerospace companies".
About ELIXAIR
ELIXAIR International Limited is a UK based company founded in the 1990s, that works closely with a number of aerospace industry leaders to develop and grow the Elixair “SkyFamily” of products in Europe, North America and worldwide. Elixair products are approved by major aeronautical manufacturers. Elixair SkyScrapers™ are approved composite plastic scrapers used as a tool in the removal of cured sealant and adhesives. www.elixair.com
About SOCOMORE
The SOCOMORE Group represents a turnover in 2016 of € 47 M, 210 people and 13 subsidiaries worldwide. SOCOMORE designs, manufactures and markets specialty chemistry solutions for critical operations: preparation, treatment, protection, assembly and testing of metal surfaces or composite materials for the aeronautics, automotive, railway, marine and energy industries. www.socomore.com
