Thursday, May 2, 2013

Hyper-Therm HTC Acquired By Rolls-Royce

Huntington Beach-based Hyper-Therm High Temperature Composites (Hyper-Therm HTC), a producer of composite materials, has been acquired by Rolls-Royce, Rolls-Royce announced yesterday. Financail terms of the buy were not disclosed. Rolls-Royce said that Hyper-Therm HTC will become a wholly ownd subsidiary, and continue to be based in Huntington Beach. Hyper-Therm HTC's composites are being used in the aerospace industry, including use in gas turbine engines. Rolls-Royce is a major manufacturer of those jet engines.

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