Socomore (Vannes, two hundred employees, €45M turnover) has made the news several times in recent months. The specialist in solutions for preparing, treating and protecting critical surfaces has invested €1.7M in a new factory in Texas (USA). Still in the United States, the company is buying out the brands Aeroglaze and Chemglaze from the North American group Lord Corporation. They both specialise in coatings to protect helicopter blades and engine fans.
Socomore has also acquired the world licence for Lord UltraConductive, a lightning protection product applied to aircraft. Lord Corporation will continue to produce these ranges on behalf of Socomore.
In Brasil, Socomore has created a joint venture with the Brazilian Metal-Chek. The purpose of Socomore Ltda, based in Sao Paulo, is to manufacture and market aeronautical and car products to local and international customers.
Socomore is not forgetting France and is investing €5M in Vannes to double the surface area of its R&D centre and build a new head office for 2018. The R&D workforce should therefore double (fifty employees).
Socomore is also apparently in discussions to carry out external growth operations with Multiplast (Vannes) and Coriolis (Queven) to acquire the trust of major prime contractors. Socomore mainly supplies the major aeronautical groups like Boeing and Airbus. It is targeting a turnover of €75M in 2018 with 70% achieved internationally and intends to open new subsidiaries abroad, mainly in Japan or Korea, in addition to the nineteen already in existence, including manufacturing plants in France, Ireland, Canada, United States, Brazil and China.
Source: API Newsletter – 14/09/2016 Les Echos – 31/08/2016